Canaccord Genuity Sticks to Its Buy Rating for SomaLogic (SLGC)

In a report released on November 14, Kyle Mikson CFA from Canaccord Genuity reiterated a Buy rating on SomaLogic (SLGCResearch Report), with a price target of $8.00. The company’s shares closed yesterday at $2.69.

Mikson CFA covers the Healthcare sector, focusing on stocks such as Illumina, Exact Sciences, and Pacific Biosciences. According to TipRanks, Mikson CFA has an average return of -24.2% and a 22.54% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SomaLogic with a $8.00 average price target, a 197.40% upside from current levels. In a report released on November 15, Cowen & Co. also maintained a Buy rating on the stock with a $8.00 price target.

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SLGC market cap is currently $537.5M and has a P/E ratio of -6.45.

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