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:
GeneDx's considerable Q3 revenue surpassing expectations reflects the company's robust growth and effective execution. Although the company's valuation suggests a significant premium, this has been acknowledged. Moreover, the updated revenue forecasts for 2024-2026 indicate heightened expectations. The company's leadership is recognized for achieving one of the most remarkable and swift turnarounds in the sector.
GeneDx's recent Q3 report was characterized as 'another strong' performance, with an 18% revenue beat and an upward revision of the fiscal year revenue guidance. Significantly, the company achieved its profitability targets 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.
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.
