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 62.1% and a total average return of 30.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GeneDx Holdings (WGS.US)$'s main analysts recently are as follows:
GeneDx has exhibited a substantial third-quarter revenue surplus. Despite robust growth and execution, the current valuation reflects a significant premium. Estimates for revenue from 2024 to 2026 have been heightened by 8%-9%. Additionally, the company's management has been recognized for executing one of the most remarkable and swift revivals in the industry.
Following a robust Q3 report where revenue exceeded expectations by 18%, the company has once more increased its fiscal year revenue outlook. Significantly, GeneDx achieved its profitability objectives much earlier 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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