Veracyte shares are trading higher after the company reported better-than-expected Q2 financial results. Also, Needham maintained a Buy rating on the stock and raised its price target from $27-$31.
Portfolio Pulse from Benzinga Newsdesk
Veracyte shares are trading higher after the company reported better-than-expected Q2 financial results. Needham maintained a Buy rating on the stock and raised its price target from $27 to $31.
August 07, 2024 | 12:06 pm
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Veracyte shares are trading higher following better-than-expected Q2 financial results. Needham maintained a Buy rating and raised its price target from $27 to $31.
The better-than-expected Q2 financial results are a positive indicator of the company's performance, likely boosting investor confidence. Additionally, Needham's maintained Buy rating and increased price target further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100