Business
What do brokers think of the ResMed (ASX:RMD) share price dip?
The ResMed Inc (ASX: RMD) share price continues to take a beating on Monday after releasing its third-quarter results last week. Its shares have lost almost 9% in the last two trading sessions.
At the time of writing, the ResMed share price is down 5.24%, trading at $24.80.
Why is the ResMed share price under pressure?
The narrative for the ResMed share price is similar to that of Kogan.com Ltd (ASX: KGN), Redbubble Ltd (ASX: RBL) and Temple & Webster Group Ltd (ASX: TPW).
COVID-19 supercharged the demand for ResMed products such as ventilators, masks and circuits. As the global pandemic unwinds, companies are finding it challenging to surpass elevated earnings experienced in FY20.
Brokers weigh in on the dip
Citi:…
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