Canaccord Genuity Maintains Buy on Quanterix, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kyle Mikson has maintained a Buy rating on Quanterix (NASDAQ:QTRX) but lowered the price target from $32 to $25.

April 29, 2024 | 2:39 pm
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Canaccord Genuity maintains a Buy rating on Quanterix but lowers the price target from $32 to $25.
While the maintenance of a Buy rating suggests continued confidence in Quanterix's fundamentals and growth potential, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook indicated by the Buy rating is likely to mitigate any significant negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100