Biotricity Predicted To Achieve 44% Annual Growth Despite Market Risks, Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Biotricity, Inc. (NASDAQ:BTCY), raising the price target to $4 from $2. The analyst acknowledged Biotricity's sales and targeted margin growth, AI tech infusion, and the opportunity to bring its platform solution to associated cardiac-related diseases. For FY24, the analyst's sales estimate stands at $13.8 million, representing an expected 44% annual growth. However, an investment in Biotricity is subject to risks like dilution, end-market product acceptance and pricing, and competition.
July 05, 2023 | 6:41 pm
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Biotricity, Inc. (NASDAQ:BTCY) has been given a Buy rating and a raised price target of $4 by H.C. Wainwright analyst Kevin Dede. The analyst expects a 44% annual growth in sales for FY24. However, the stock is subject to risks like dilution, end-market product acceptance and pricing, and competition.
The positive rating and raised price target by the analyst indicates a positive outlook for Biotricity, Inc. The expected 44% annual growth in sales for FY24 also suggests potential growth for the company. However, the stock is subject to various risks, which could potentially impact its performance.
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