TD Cowen analyst Daniel Brennan maintains $GeneDx Holdings (WGS.US)$ with a buy rating, and adjusts the target price from $50 to $75.
According to TipRanks data, the analyst has a success rate of 49.4% and a total average return of 13.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GeneDx Holdings (WGS.US)$'s main analysts recently are as follows:
After GeneDx reported a significant third-quarter revenue beat, the company's impressive growth and execution are acknowledged. Even though the valuation reflects a considerable premium, the stock's recent performance has warranted an increase in revenue estimates for the years 2024 to 2026. Additionally, management is recognized for executing one of the most remarkable and swift turnarounds in the industry.
Following a robust Q3 report where revenue surpassed expectations by 18%, GeneDx not only raised its fiscal year revenue forecast once more but also notably achieved its profitability objective sooner than anticipated.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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