Barclays analyst Luke Sergott raised the firm’s price target on Twist Bioscience to $30 from $26 and keeps an Overweight rating on the shares. In a research note on Friday, the firm argued that a solid quarter and conservative guide leave room for upside from Express Genes contributing to the business. Barclays is already starting to see gross margins improving due to FoF and expects Express Genes will only accelerate the gross margin ramp over the next couple of years.
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