Needham analyst says, “We expect significant upside to NUVA’s share price if NUVA continues to meet or beat numbers and demonstrates EPS leverage in 2010. Revenue growth far exceeds industry average and is sustainable for several years with continued market share gains. NUVA is expected to grow sales 33% in 2010, 28% in 2011, and 26% in 2012. Our medtech industry average is nearly half of NUVA’s growth rate, yet NUVA is trading at 2.4x forward rev estimate, compared to the medtech average of 3.0x.”
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NuVasive, Inc. (NuVasive) is a medical device company. It focuses on the designing, developing and marketing of products for the surgical treatment of spine disorders.