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UPDATE: Canaccord Genuity Reiterates Cepheid at Buy with $50 PT Post Analyst Day

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Canaccord Genuity maintained its Buy rating and $50 price target on Cepheid (NASDAQ: CPHD).

Canaccord Genuity noted, "We reiterate our BUY rating and $50 price target on CPHD given its solid 20% revenue growth, large customer base (approaching 3,000), and an unmatched test menu (11 FDA approved assays). Cepheid's analyst day provided an update to investors on its long-term financial targets, competitive advantages, and future products. However, due to three consecutive missed quarters, no EPS visibility, and lengthening selling cycles, CPHD shares experienced a pullback."

Cepheid closed at $35.18 on Thursday.

Latest Ratings for CPHD

DateFirmActionFromTo
Jun 2016Morgan StanleyInitiates Coverage onEqual-weight
Apr 2016BTIG ResearchUpgradesNeutralBuy
Feb 2016Stifel NicolausMaintainsBuy

View More Analyst Ratings for CPHD
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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