BTIG lowered the firm’s price target on Sophia Genetics (SOPH) to $5 from $6 and keeps a Buy rating on the shares. The company turned in a relatively challenging 2024 as they drove 4% revenue growth while growing their volumes by 11%, which implies a 6%-7% decline in revenue per analysis, the analyst tells investors in a research note. BTIG adds however that Sophia expects a return to double-digit revenue growth in 2025.
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