Baird raised the firm’s price target on Twist Bioscience to $46 from $40 and keeps an Outperform rating on the shares. The firm said they reported a FY3Q revenue beat, with synbio and NGS both ahead of guidance and the firm’s model. They believe the pullback is the combination of elevated expectations into the quarter, order lumpiness, and an expected QQ decrease in synbio for FY4Q.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TWST:
- TWST Earnings this Week: How Will it Perform?
- Twist Bioscience says first patient dosed in Pure Biologics’ BA-0405 study
- Twist Bioscience announces launch of CHO Express Antibodies
- Twist Bioscience launches synthetic RNA control for H5N1 Influenza A
- Twist Bioscience price target raised to $60 from $45 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com