ResMed Bull Stays Positive Amid Strong Revenue Growth -- Market Talk

Dow Jones
02/02

2331 GMT - ResMed's bull at Macquarie stays positive on the breath-tech provider amid strong growth across all its revenue streams. ResMed's December-quarter revenue and profit were stronger than anticipated, while its gross margin was about 30 bps wider than Macquarie's forecast. A note from one of Macquarie's analysts flags revenue strength in masks, accessories and devices, adding that positive demand catalysts from weight-loss drugs and wearables support the stock's continued status as the investment bank's preferred sector exposure. Macquarie expects a full-year gross margin of 62.3%, compared with guidance of 62%-63%. Macquarie cuts its target price on ResMed's Australia-listed stock by 3.4% to A$47.50 and keeps an outperform rating. Shares are down 0.9% at A$37.20. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 01, 2026 18:31 ET (23:31 GMT)

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