Craig-Hallum analyst William Bonello maintains $GeneDx Holdings (WGS.US)$ with a buy rating, and adjusts the target price from $70 to $95.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 29.7% 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 surpass, there's acknowledgment for the company's robust growth and operational execution. However, the current valuation reflects a considerable premium. Revenue projections for 2024-2026 have been revised upwards by 8%-9%, acknowledging the company's management for orchestrating a notably swift and remarkable turnaround within the industry.
GeneDx delivered a robust Q3 report, with revenue exceeding expectations by 18%, and a significant upward revision of its fiscal year revenue guidance. Notably, the company achieved its profitability objectives much 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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