Canaccord Genuity Maintains Buy Rating for Exact Sciences: Here's What You Need To Know

Canaccord Genuity has decided to maintain its Buy rating of Exact Sciences EXAS and raise its price target from $92.00 to $115.00.

Shares of Exact Sciences are trading down 1.74% over the last 24 hours, at $93.40 per share.

A move to $115.00 would account for a 23.13% increase from the current share price.

About Exact Sciences

Exact Sciences Corporation, headquartered in Madison, Wisconsin, provides cancer screening and diagnostic test products in the United States and internationally. Exact's Cologuard screening test, a non-invasive stool-based DNA test, is a pre-cancer screening test for colorectal cancer. The company also competes in the precision oncology market with Oncotype DX, a genetic-based treatment selection test for breast, prostate, and colon cancers. With the acquisitions of Base Genomics and Thrive Earlier Detection, Exact is building a multi-cancer early screening test to detect over 14 cancers, a test that would be one of the earliest entrants in multi-cancer liquid biopsy cancer screening.

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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.