Jefferies initiated coverage of Standard BioTools with a Buy rating and $3.25 price target. The analyst says the company’s refreshed focus on building a platform of differentiated tech for scale and profitability is underappreciated. The firm scopes for a multiple to re-rate as management executes and visibility around the mid-term profit picture becomes more tangible.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAB:
- Standard BioTools Announces Multi-Year Strategic Engagement with Bristol Myers Squibb for Use of the SomaScan® Platform for Translational Medicine Research
- Standard BioTools Streamlines Structure and Strengthens Governance
- Standard BioTools announces exchange of all oustanding Series B Preferred stock
- Standard BioTools Announces Exchange of All Outstanding Series B Convertible Preferred Stock for Common Stock
- Standard BioTools Projects Positive Outlook for 2024