Goldman Sachs Maintains Neutral Rating for Quanterix: Here's What You Need To Know



Goldman Sachs has decided to maintain its Neutral rating of Quanterix QTRX and lower its price target from $25.00 to $15.00.

Shares of Quanterix are trading up 14.62% over the last 24 hours, at $8.55 per share.

A move to $15.00 would account for a 75.43% increase from the current share price.

About Quanterix

Quanterix Corp is a life sciences company. It focuses on developing an ultra-sensitive digital immunoassay platform that advances precision health for life sciences research and diagnostics. The Simoa bead-based and planar array platforms designed by the company enable customers to reliably detect protein biomarkers in low concentrations in blood, serum and other fluids which are undetectable using conventional, analog immunoassay technologies. The company has developed Simoa technology which is a method of detection of proteins and has the capability of analyzing nearly six biomarkers per test, with anticipated expansion capability.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE