Benzinga
Needham initiated coverage on Sight Sciences Inc (NASDAQ: SGHT) with a Hold rating and no price target. The analyst warns that the recent competitive launches in the minimally invasive glaucoma surgery (MIGS) market will be a headwind to Sight Sciences' revenue growth and limit the stock's near-term upside. SGHT's OMNI system, which generated 95% of 2021 sales, is used to treat glaucoma by targeting the drainage channels in the eye. Needham believes most OMNI procedures are for mild- to moderate