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Stock impact report

H.C. Wainwright Raises the PT on ?CorMedix Inc. (CRMD), Keeps a Buy [Yahoo! Finance]

CorMedix Inc. (CRMD) 
NASDAQ:AMEX Investor Relations: cormedix.com
Company Research Source: Yahoo! Finance
Wainwright analyst Brandon Folkes reiterated a Buy rating on CorMedix Inc. (NASDAQ:CRMD) and raised the price target from $17 to $18. The improved positive outlook follows the company's earnings beat during its fiscal Q3 2025. ?CorMedix Inc. (NASDAQ:CRMD) released fiscal Q3 2025 results on November 12. The revenue for the quarter grew 810.21% year-over-year to $104.28 million, surpassing estimates by $18.25 million. Moreover, the EPS of $1.26 also topped the consensus by $0.63. Revenue growth was largely driven by higher-than-expected utilization of DefenCath by the company's outpatient dialysis customers, contributing $88.8 million to the net revenue. ?Taking confidence from the results, CorMedix Inc. (NASDAQ:CRMD) raised its full-year pro forma net revenue guidance to a range of $390 to $410 million, and fourth-quarter net revenue guidance to a range of $115 to $135 million. ?Analyst Folkes noted that the robust financial results were bolstered by the recent acquisition of Mel Show less Read more
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