UPDATE: Deutsche Bank Raises PT to $19.50 on Fluidigm
Deutsche Bank increases its price target on Fluidigm (NASDAQ: FLDM) to $19.50, up $3.50, as it reiterates the stock's Buy rating on continued secular growth.
Deutsche Bank's key takeaways were: "Key takeaways: 1) Rev beat driven by strong consumables, primarily single cell analysis and AgBio applications; 2) Installed base of instruments at 540, with Access Array more than doubling in 2011; 3) Initiates FY12 product rev guidance in the range of 25%-30%, which is above DBe at midpoint."
FLDM closed at $14.76 a share on Tuesday.
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