Morgan Stanley Maintains Equal-Weight Rating for Cytek Biosciences: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Cytek Biosciences CTKB and lower its price target from $13.00 to $8.00.

Shares of Cytek Biosciences are trading down 1.08% over the last 24 hours, at $4.57 per share.

A move to $8.00 would account for a 75.05% increase from the current share price.

About Cytek Biosciences

Cytek Biosciences Inc is a cell analysis solutions company advancing the next generation of cell analysis tools by leveraging novel technical approaches. Its core instruments, the Aurora and Northern Lights systems, are the first full-spectrum flow cytometers able to deliver high-resolution, high-content, and high-sensitivity cell analysis by utilizing the full spectrum of fluorescence signatures from multiple lasers to distinguish fluorescent tags on single cells. Its FSP platform addresses the inherent limitations of other technologies by providing a higher density of information with greater sensitivity, more flexibility, and increased efficiency, all at a lower cost for performance.

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