EINDHOVEN, the Netherlands, April 09, 2024 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announced that Stifel, a US-based full-service investment bank, has initiated coverage of ONWARD Medical with a Buy rating and Target Price of EUR 12.00 per share. This is a premium of 140% to the closing price of EUR 5.00 on April 8, 2024. The initiation report was published April 8, 2024. Stifel joins four other banks whose analysts cover ONWARD Medical, all of which maintain Buy ratings and Target Prices at substantial premiums to the current share price. "Stifel's initiation of coverage reflects the value they place on the strategic positioning of our brain-computer interface (BCI) platform as well as their strong confidence in our ability to achieve this year's milestones, which include the planned commercialization of our ARC-EX® platform later this year," said Dave Marver, CEO of ONWARD Medical. "Stifel is the largest provider of global small-cap equity research, and we are gratified they recognize the value ONWARD can create for investors in coming quarters." To learn more about ONWARD Medical's commitment to partnering with the SCI community to develop innovative solutions for restoring movement, function, and independence after spinal cord injury, please visit ONWD.com. *All ONWARD Medical devices and therapies, including but not limited to ARC-IM®, ARC-EX®, ARC-BCI™, and ARC Therapy™, alone or in combination with a brain-computer interface (BCI), are investigational and not available for commercial use. About ...