Morgan Stanley analyst Yuko Oku assumed coverage of Seer with an Equal Weight rating and $7 price target. Seer expects 2024 revenue to be in the range of $18M-$20M, which is “a touch below expectations at the midpoint,” says the analyst, who notes that macro softness and China headwinds are expected to remain. Key opinion leader publications and a macro recovery remain key to broadening adoption and easing capital constraint headwinds, the analyst tells investors.
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