Canaccord Genuity Group Issues Positive Forecast for Heartflow (NASDAQ:HTFL) Stock Price

Key Points

• Canaccord Genuity Group raised its price target for Heartflow (NASDAQ: HTFL) from $35.00 to $39.00, indicating a potential upside of 18.61% from the stock's last close.
• Heartflow's recent quarterly earnings showed a loss of ($1.46) earnings per share, missing estimates of ($0.20), but reported revenue of $43.42 million, surpassing expectations.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with four ratings as Buy and two as Hold, along with an average target price of $36.60.

Heartflow (NASDAQ:HTFL - Free Report) had its target price hoisted by Canaccord Genuity Group from $35.00 to $39.00 in a research note issued to investors on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

HTFL has been the subject of a number of other reports. Morgan Stanley assumed coverage on Heartflow in a research note on Tuesday, September 2nd. They issued an "equal weight" rating and a $35.00 target price for the company. Stifel Nicolaus assumed coverage on Heartflow in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $35.00 price objective for the company. Piper Sandler began coverage on Heartflow in a report on Tuesday, September 2nd. They set an "overweight" rating and a $38.00 price target for the company. Zacks Research upgraded Heartflow to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Heartflow to a "hold" rating in a research note on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.60.

Heartflow Price Performance

Shares of NASDAQ:HTFL traded down $1.45 during trading on Monday, hitting $31.43. 257,555 shares of the stock were exchanged, compared to its average volume of 383,364. Heartflow has a 1-year low of $26.56 and a 1-year high of $36.68.

Heartflow (NASDAQ:HTFL - Get Free Report) last issued its quarterly earnings data on Friday, September 19th. The company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($1.26). The business had revenue of $43.42 million during the quarter, compared to analysts' expectations of $43.20 million.

About Heartflow

We have pioneered the use of software and AI to deliver a more accurate and clinically effective non-invasive solution for diagnosing and managing coronary artery disease (“CAD”), a leading cause of death worldwide. As of March 31, 2025, our Heartflow Platform has been used to assess CAD in more than 400,000 patients, including 132,000 in 2024 alone.