BTIG analyst Mark Massaro maintains $Castle Biosciences (CSTL.US)$ with a buy rating, and adjusts the target price from $40 to $45.
According to TipRanks data, the analyst has a success rate of 30.8% and a total average return of -9.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Castle Biosciences (CSTL.US)$'s main analysts recently are as follows:
Castle Biosciences has reported yet another robust quarter, surpassing expectations and achieving GAAP profit for the second sequential quarter. The company's risk/reward profile remains favorable. There appears to be a strong possibility that reimbursement payments for the company's squamous cell carcinoma test could be extended past the fourth quarter. This is supported by the fact that the company has been receiving payments for over two and a half years and has effectively accumulated additional evidence and data that may justify the ongoing coverage under Medicare reimbursement.
Castle Biosciences exhibited a solid third quarter, achieving revenue expectations and demonstrating promising operational expenditure leverage. While overall volumes increased, dermatology volumes fell short of estimates attributable to seasonal patterns, yet the TissueCypher product continued to show impressive momentum.
The determination of coverage for the SCC test will continue to be a focal point, yet it is observed that the company is advancing its volume for other tests, including growth in IDgenetix and TissueCypher. These tests have played a significant role in the robust quarterly results and have been a factor in the enhanced revenue guidance.
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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BTIG分析師Mark Massaro維持$Castle Biosciences (CSTL.US)$買入評級，並將目標價從40美元上調至45美元。
根據TipRanks數據顯示，該分析師近一年總勝率為30.8%，總平均回報率為-9.3%。
此外，綜合報道，$Castle Biosciences (CSTL.US)$近期主要分析師觀點如下：
castle biosciences再次報告了強勁的季度，超過預期並連續第二個季度實現了美國通用會計準則盈利。該公司的風險/回報配置仍然有利。公司鱗狀細胞癌測試的報酬可能會延長至第四季度以後這一強有力的可能性。這得到了事實支持，即公司已經連續兩年半收到付款，並已有效積累了可能證明根據醫療保險償還合理性的額外證據和數據。
castle biosciences展示了強勁的第三季度，實現了營收預期並展示了有利的運營支出槓桿效應。雖然總體成交量增加，但皮膚科成交量未達預期，歸因於季節性模式，然而TissueCypher產品持續展現出令人印象深刻的勢頭。
對於SCC測試的覆蓋範圍將繼續是一個焦點，然而，可以觀察到公司正在發展其他測試的成交量，包括IDgenetix和TissueCypher的增長。這些測試在強勁的季度業績中發揮了重要作用，並對增強的營收指引起到了影響因素。
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