Stephens lowered the firm’s price target on Akoya Biosciences to $14 from $16 and keeps an Overweight rating on the shares. The firm noted that the company reported a Q2 revenue beat, adding that if you strip out a $2M non-routine spoilage charge from COGS and $2M in severance costs from OpEx, GM and operating loss would have also beat.
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Read More on AKYA:
- Akoya Biosciences price target lowered to $11 from $14 at BTIG
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- Akoya Reports Record Revenue in the Second Quarter of 2023 and Reiterates Full Year 2023 Revenue Guidance
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