Bryan Garnier Initiates Coverage of ONWARD with a Buy Rating and Target Price of EUR 17.00

ONWARD Medical N.V. ( Euronext : ONWD), the medical technology company creating innovative therapies to restore movement, independence, and health in people with spinal cord injury, today announces Bryan, Garnier & Co, a leading investment bank focused on growth companies, has initiated research coverage with a buy rating and target price of EUR 17.00 per share. This is a 124% premium to the closing price of EUR 7.60 on April 12, 2022.

The initiation report was published April 13, 2022. Bryan Garnier joins two other banks whose analysts cover ONWARD, both maintaining buy ratings with target prices of EUR 15.31 and EUR 14.50 respectively.

“Bryan Garnier’s initiation of coverage with a buy rating and target price of EUR 17.00 reflects their confidence in our future prospects,” said Dave Marver, Chief Executive Officer of ONWARD. ”Their research team recognized the large potential market that can be accessed with our unique technology, backed by rigorous science, and protected by a large IP portfolio.”