Needham Maintains Buy on Veracyte, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Matson maintains a 'Buy' rating on Veracyte (NASDAQ:VCYT) but lowers the price target from $35 to $30.

November 08, 2023 | 10:02 pm
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NEUTRAL IMPACT
Needham analyst maintains a 'Buy' rating on Veracyte but lowers the price target from $35 to $30.
The news is directly related to Veracyte (VCYT). While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential slowdown in growth or increased risk, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100