Goldman Sachs analyst Matthew Sykes raised the firm’s price target on Cytek Biosciences (CTKB) to $5.25 from $4.50 and keeps a Sell rating on the shares. The firm corrected an error to the company’s model following its double downgrade to Sell on Friday, as it did not include Cytek’s marketable securities in the total cash number. Including marketable securities into the total cash balance ups the price target to $5.25.
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