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  "documentTitle": "Penumbra, Inc. (PEN)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-31 00:00:00",
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  "notes": "The slide uses a table to demonstrate that despite 'Buy' ratings, the average price target implies negative upside.",
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      "text": "Despite almost unanimous bullishness among analysts, the average sell-side price target is currently 16% below current price levels.",
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      "text": "Price Target: $169",
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      "text": "Despite almost unanimous bullishness among analysts, the average sell-side price target is currently 16% below current price levels. Penumbra shares currently trade above even the highest price target of $180.",
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      "text": "Source: Bloomberg",
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      "text": "Broker, Rating, Price Target, Companies Covered table showing analyst data for Penumbra.",
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      "text": "Widespread Bullishness Despite No Upside Represented By Sellside Price Targets",
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      "evidence": "The document presents Spruce Point's conclusion of 40-55% downside risk in PEN shares.",
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