Needham Maintains Buy on CryoPort, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Needham analyst David Saxon maintains a Buy rating on CryoPort (NASDAQ:CYRX) but lowers the price target from $18 to $11.
August 07, 2024 | 9:35 am
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Needham analyst David Saxon maintains a Buy rating on CryoPort but lowers the price target from $18 to $11.
The maintained Buy rating suggests continued confidence in CryoPort's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100