A wide economic moat, free cash flow that converts at 185% of net income, four consecutive earnings beats, and a strong technical breakout establish high underlying quality — but the stock has already moved above the near-term resistance target, and at the current price the reward-to-risk ratio is negative, leaving no attractive entry point for new capital.
Thesis pillars
- Wide Moat Superior Cash Conversion→Stable
- Consistent Earnings Execution↑Improving
- Strong Price Momentum Breakout↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
LivaNova PLC (LIVN) Stock Analysis
Breakout setup
Healthcare · Medical Devices
Hold if already holding. Not a fresh buy at $80.66, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Earnings in 5 days (event risk).
LivaNova PLC designs and sells medical devices across two segments — Cardiopulmonary (heart-lung machines, oxygenators, and perfusion systems) and Neuromodulation (VNS Therapy System for drug-resistant epilepsy and treatment-resistant depression). The U.S., Europe, and Rest of... Read more
Hold if already holding. Not a fresh buy at $80.66, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Earnings in 5 days (event risk). Chart setup: Golden cross, above all MAs, RSI 68, MACD bullish. Maintain position. Not compelling to add more. Score 6.3/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 5d<=7d. Suitability: aggressive.
About LivaNova PLC
About LivaNova PLC
LivaNova PLC reported net revenue split as 53% from the United States, 19% from Europe, and 28% from the rest of world for the year ended December 31, 2025, across two reportable segments — Cardiopulmonary and Neuromodulation. Cardiopulmonary products include heart-lung machines (HLMs), oxygenators, autotransfusion systems, perfusion tubing, and cannulae, while Neuromodulation centers on the VNS Therapy System for drug-resistant epilepsy and treatment-resistant depression, approved in many jurisdictions globally including the United States for patients four years of age or older.
LivaNova earns device sales revenue from hospitals, perfusionists, neurologists, neurosurgeons, and other healthcare professionals in more than 100 countries through direct sales representatives, agents, and independent distributors. In Cardiopulmonary, the flagship Essenz Perfusion System and Inspire oxygenator range (12 models) are capital equipment sold alongside disposable perfusion tubing, cannulae, and autotransfusion consumables that generate recurring procedure-driven revenue. In Neuromodulation, the VNS Therapy generator replacement cycle — batteries deplete over time and leads do not require removal to replace depleted generators — supports recurring procedure revenue. Primary medical device competitors include Terumo Medical Corporation, Maquet Medical Systems, Medtronic plc, Haemonetics Corporation, Spectrum Medical Limited, and NeuroPace, Inc., depending on product line. LivaNova manufactures at facilities in the United States, Italy, Germany, Australia, and Brazil, with certain components procured from single suppliers for quality assurance or cost reasons.
Show full overview
LivaNova's VNS Therapy System for treatment-resistant depression faces an unresolved Medicare coverage pathway. In 2007, CMS issued a national coverage determination that VNS is not covered for treatment-resistant depression. The 2019 CED arrangement permitted coverage only within a randomized controlled clinical study; the RECOVER trial completed enrollment of the unipolar cohort by 2023 but announced in 2024 that primary endpoints were not met, though statistically significant improvements appeared in multiple secondary endpoints. In June 2025, LivaNova initiated reconsideration proceedings with CMS to seek national Medicare coverage for unipolar treatment-resistant depression patients — a decision that remained pending at year-end and represents a material reimbursement binary for the Neuromodulation segment.
See also: Healthcare · Medical Devices
From LivaNova PLC's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — LivaNova PLC
Latest news
- NEWS LivaNova PLC (LIVN) Institutional Confidence - TradingKey — TradingKey neutral
- NEWS LivaNova PLC (LIVN) Institutional Confidence - tradingkey.com — tradingkey.com neutral
- NEWS LivaNova (LIVN) Projected to Post Earnings on Wednesday - MarketBeat — MarketBeat neutral
- NEWS LivaNova PLC (LIVN) Shares Fall 3.3% -- GF Value Says Still Over - GuruFocus — GuruFocus neutral
- NEWS Press Release: LivaNova to Announce Second-Quarter 2026 Results - Moomoo — Moomoo neutral
Generated 2026-10-29T11:53:51Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $80.66, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Earnings in 5 days (event risk). Chart setup: Golden cross, above all MAs, RSI 68, MACD bullish. Maintain position. Not compelling to add more. Analyst target $78.77 reached (−2.3%), stop $76.44 (−5.5%), A.R:R -0.3:1. Score 6.3/10, moderate confidence.
Analyst target $78.77 reached (−2.3% from $80.66); no take-profit level is published. Analyst target $78.77 reached (−2.3%), stop $76.44 (−5.5%), A.R:R -0.3:1. Stop-loss: $76.44.
Analyst target reached - limited upside remaining; Earnings in 5 days (event risk).
LivaNova PLC trades at a P/E of 23.9 (forward 17.2). TrendMatrix value score: 5.8/10. Verdict: Hold.
16 analysts cover LIVN with a consensus score of 4.2/5. Average price target: $91.
What does LivaNova PLC do?LivaNova PLC designs and sells medical devices across two segments — Cardiopulmonary (heart-lung machines, oxygenators,...
LivaNova PLC designs and sells medical devices across two segments — Cardiopulmonary (heart-lung machines, oxygenators, and perfusion systems) and Neuromodulation (VNS Therapy System for drug-resistant epilepsy and treatment-resistant depression). The U.S., Europe, and Rest of World accounted for 53%, 19%, and 28% of total net revenue for 2025, with distribution in more than 100 countries.