Needham analyst David Saxon has reiterated their bullish stance on CYRX stock, giving a Buy rating today.
David Saxon has given his Buy rating due to a combination of factors that highlight CryoPort’s promising financial outlook. The company’s fourth-quarter revenue for 2024 surpassed market expectations, and the management’s revenue guidance for 2025 aligns well with consensus estimates, indicating a stable financial trajectory.
Additionally, the stabilization of MVE order patterns and the continued strength in CryoPort’s Services business further support the positive outlook. The management’s commitment to achieving positive adjusted EBITDA by 2025, coupled with the stock’s attractive valuation, reinforces the Buy rating recommendation.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $15.00 price target.
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