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IARTIntegra LifeSciences Holdings CSell5.1·$12.75
SellModerate Confidence
Investment thesis

Integra LifeSciences has beaten earnings four quarters running, trades at a forward P/E of 5.0x and sits 18.5% below its $14.11 analyst target, but momentum is weak after a 42% drawdown and 70% of revenue comes from one segment.

Thesis pillars

  • Perfect Earnings Beat Streak↓Deteriorating
  • Deeply Discounted Valuation↓Deteriorating
  • Upside To Analyst Target↓Deteriorating
  • +2 more pillars — see the Why tab for full reasoning

Pillars as of Oct 24, 2026, based on the 10-K filed Feb 26, 2026

Full reasoning →

Open full analysis

Integra LifeSciences Holdings C (IART) Stock Analysis

Inst Constrain edge

SellVALUE-TRAP 1/5ValueGrowthModerate Confidence

Healthcare · Medical Devices

Sell if holding. At $12.75, A.R:R 0.6:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.9%; Concentration risk — Product: CSS segment (70.0%).

Integra LifeSciences is a global medical technology company selling neurosurgery, ENT, and specialty surgical instruments through its Codman Specialty Surgical segment (about 70% of revenue) and regenerative wound-care and private-label products through its Tissue Technologies... Read more

$12.75+6.9% A.UpsideScore 5.1/10#53 of 62 Medical Devices
QualityF-score8 / 9FCF yield10.72%
Stop $11.86Analyst target $13.63(−13% haircut)A.R:R 0.6:1
Analyst consensus$15.67+22.9%9 analysts
$13.63Analyst target
$12.75price
$15.67mean
$23

Sell if holding. At $12.75, A.R:R 0.6:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.9%; Concentration risk — Product: CSS segment (70.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.1/10, moderate confidence.

Passes 5/8 gates (positive momentum, clean insider activity, earnings proximity 114d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

10-K grounded · weekly refresh

About Integra LifeSciences Holdings C

About Integra LifeSciences Holdings C

Integra LifeSciences splits its business into two segments: Codman Specialty Surgical, roughly 70% of total revenue, covering neurosurgery, neurocritical care, and ENT instrumentation, and Tissue Technologies, about 30%, focused on wound reconstruction, regenerative scaffolds, and private-label manufacturing. The company operates manufacturing and research sites across California, Massachusetts, New Jersey, Puerto Rico, France, Germany, Ireland, Israel, and Switzerland, and in 2025 no single customer accounted for more than 10% of consolidated revenue.

Integra sells its neurosurgical devices, surgical instruments, and regenerative tissue products through a combination of direct sales representatives organized by physician specialty and independent distributors serving hospitals, integrated health networks, group purchasing organizations, and surgery centers globally. Demand ties to hospital capital budgets and elective-procedure volume, with fourth-quarter revenue typically the strongest as hospitals spend down annual budgets. Raw materials such as bovine collagen, porcine urinary bladder matrix, and Manuka honey feed the Tissue Technologies platform, while certain components and raw materials are available only from one or a limited number of suppliers, a risk the company manages through long-term supply contracts and buffer inventory. On the pipeline side, Integra is pursuing FDA premarket approval for SurgiMend in post-mastectomy breast reconstruction and for DuraSorb in implant-based breast reconstruction, both targeted for 2026, following a 510(k) clearance for the Aurora Surgiscope cranial retractor system earlier in 2025. Competitors include divisions of Medtronic, Stryker, and Smith & Nephew.

Show full overview

Integra's clearest near-term risk lens is regulatory and quality-system exposure: the FDA's new Quality Management System Regulation took effect February 2, 2026, replacing the prior Quality System Regulation just as the company executes a multi-year Compliance Master Plan to remediate quality-system gaps identified across its manufacturing network. That backdrop helps explain the $511.4 million goodwill impairment Integra recorded in the second quarter of 2025 across its Tissue Technologies, Neurosurgery, and Instruments and ENT units, a charge management tied to tariff-driven share-price declines alongside quality and operational issues. With PMA approval for SurgiMend still pending the operationalization of a new Braintree, Massachusetts facility expected in 2026, further manufacturing or compliance delays could push that approval timeline out again.

See also: Healthcare · Medical Devices

From Integra LifeSciences Holdings C's most recent 10-K filing, extracted July 6, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-11-02

Recent Developments — Integra LifeSciences Holdings C

Generated 2026-11-02T12:03:20Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Feb 25, 2027114d to earnings· next earnings call

Thesis

Rewards
Sector modifier (Healthcare): +0.5
Strong earnings beat streak (4/4)
Attractive valuation
Risks
Concentration risk — Product: CSS segment (70.0%)
Thin upside margin: 6.9%
V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3)

Key Metrics

P/E (TTM)75.0
P/E (Fwd)5.3
Mkt Cap$992M
EV/EBITDA8.4
Profit Mgn0.8%
ROE1.2%
Rev Growth2.3%
Beta1.21
DividendNone
Rating analysts18

Quality Signals

Piotroski F8/9

Options Flow

P/C7.00bearish
IV56%elevated

Concentration Risks(10-K Item 1A)

  • HIGHProductCSS segment70%
    10-K Item 1: 'The CSS segment, which represents approximately 70% of our total revenue, consists of market-leading technologies'
  • MEDIUMSupplierlimited number of suppliers
    10-K Item 1: 'certain components and raw materials are available only from one or a limited number of suppliers'

Material Events(8-K, last 90d)

  • 2026-05-08Item 5.02LOW
    At Integra's May 7, 2026 Annual Meeting, stockholders approved Amendment No. 3 to the 2003 Equity Incentive Plan, increasing shares available for awards by 3,550,000. Routine governance matter; no executive changes disclosed in this filing.
    SEC filing →
  • 2026-05-05Item 5.02MEDIUM
    Mojdeh Poul departed as President and CEO effective April 30, 2026. Dr. Stuart Essig, the company's Chairman and CEO from 1997-2012, succeeded her effective May 1, 2026, providing an immediate clean handoff. No reason cited for Poul's departure.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
1.3
Value Rank
4.8
Quality Rank
4.9

Growth below the gate floor. Component breakdown shows what dragged the score down.static

Revenue Growth
3.1
Low model confidence on this dimension (33%).
GatesA.R:R 0.6 < 1.5@spotMomentum 5.1<5.5 (soft — BUY_NOW allowed but watch)Executive change: officer departure/appointmentMomentum 5.1>=4.5Insider activity: OKEARNINGS PROXIMITY 114d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
39 · Neutral
↓ 20D MA↓ 50D MA↓ 200D MAGOLDEN CROSSSupport $11.57Resistance $14.28

Price Targets

$12
$14
A.Upside+6.9%
A.R:R0.6:1

Position Sizing

ConvictionNone
Suggested %0%
Max %0%
RegimeRisk-Off

Risk Alerts

! asymmetry at 0.6 (below the engine's 1.5 threshold)@spot

Earnings

B
B
B
B
4/4 beats
Next Earnings2027-02-25 (114d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is IART stock a buy right now?

Sell if holding. At $12.75, A.R:R 0.6:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 6.9%; Concentration risk — Product: CSS segment (70.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $11.86. Score 5.1/10, moderate confidence.

What is the IART stock price target?

Analyst target: $13.63 (+6.9% upside). Prior stop was $11.86. Stop-loss: $11.86.

What are the risks of investing in IART?

Concentration risk — Product: CSS segment (70.0%); Thin upside margin: 6.9%; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3).

Is IART overvalued or undervalued?

Integra LifeSciences Holdings C trades at a P/E of 75.0 (forward 5.3). TrendMatrix value score: 7.6/10. Verdict: Sell.

What do analysts say about IART?

18 analysts cover IART with a consensus score of 3.6/5. Average price target: $16.

What does Integra LifeSciences Holdings C do?Integra LifeSciences is a global medical technology company selling neurosurgery, ENT, and specialty surgical...

Integra LifeSciences is a global medical technology company selling neurosurgery, ENT, and specialty surgical instruments through its Codman Specialty Surgical segment (about 70% of revenue) and regenerative wound-care and private-label products through its Tissue Technologies segment (about 30%). The company manufactures medical devices at facilities across the U.S., Puerto Rico, France, Germany, Ireland, Israel and Switzerland, selling through direct sales forces and distributors to hospitals and surgery centers worldwide, with no single customer exceeding 10% of 2025 revenue.

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