Wells Fargo analyst Brandon Couillard maintains $GeneDx Holdings (WGS.US)$ with a hold rating, and adjusts the target price from $66 to $75.
According to TipRanks data, the analyst has a success rate of 61.9% and a total average return of 18.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GeneDx Holdings (WGS.US)$'s main analysts recently are as follows:
Following GeneDx's significant third-quarter revenue surpassing expectations, recognition has been given for the company's robust growth and performance. However, the current valuation suggests a considerable premium. Revenue projections for 2024-2026 have been revised upward by 8%-9%. Additionally, credit has been attributed to the management for executing what is considered one of the industry's most remarkable and rapid transformations.
GeneDx's third-quarter report was characterized as 'another strong' performance, with an 18% revenue surplus and a raised forecast for the fiscal year's revenue. Significantly, GeneDx achieved its profitability objectives sooner than anticipated.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
