BTIG analyst Mark Massaro assumed coverage of Bionano Genomics with a Buy rating and $3.50 price target. The company is on a mission to transform the way the world sees the genome through optical genome mapping, and he believes that Bionano offers an elegant solution to accurately identify structural variation, SV, and changes in chromosomes, the analyst tells investors in a research note. Structural variation analysis could mark a new wave in genomics, as next-gen sequencers cannot reliably detect it, Massaro adds.
Published first on TheFly
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