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Stock of the day
Pro Medicus targets growth with key US approval
Pro Medicus expands its US presence with regulatory approval for its Visage 7 platform, drawing investor interest for strong margins.
(AI video summary)
This video was created on 1 September 2025 for IG audiences by ausbiz.
ASX code: PME
Strategic US expansion
Pro Medicus's Unites States (US) subsidiary, Visage Imaging, received approval to operate its Visage 7 platform from the US Department of Veterans Affairs (VA). This platform enables advanced medical imaging analysis and marks a pivotal milestone. Despite the stock's significant rise, its high valuation remains noteworthy.
Market position and investment outlook
Analysts observe that while the development is encouraging, high market expectations led to a slight dip in the share price.
Pro Medicus reports strong margins of 76% and exceeded expectations this season. However, with a high price-to-earnings (P/E) ratio of 270, analysts consider the stock a 'hold', with a target price of $305, slightly above current levels.
Investors might seek lower entry prices, considering the company’s strategic position and robust margins.
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