Bell Potter Thinks Cogstate Ltd’s Stock is Going to Recover

The company’s shares closed last Friday at $1.05, close to its 52-week low of $0.95.

Currently, the analyst consensus on Cogstate Ltd is a Moderate Buy with an average price target of $1.64.

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Cogstate Ltd is a cognitive science company. The principal activity of the company is a sale of technology and services for the measurement of cognition, where services include scientific consultancy, project management, data management, statistical analysis and reporting. Its operating segment includes Clinical Trials; Healthcare and Research. The company generates maximum revenue from the Clinical Trials segment. In clinical trials segment, technology and services are sold to pharmaceutical, biotechnology, nutraceutical, and functional food companies.

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