BTIG Maintains Buy on CareDx, Raises Price Target to $60
BTIG analyst Mark Massaro maintains CareDx (NASDAQ:CDNA) with a Buy and raises the price target from $45 to $60.
Read original at benzingaStocks · News reference
Why Is CareDx Stock Skyrocketing Thursday?
CareDx ($CDNA) shares surge 28% as Medicare finalizes continued coverage for its kidney, heart, and lung transplant tests.
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Read original at benzingaWhy CareDx Stock Jumped Today
CareDx stock surged 14.72% after the precision medicine diagnostics company raised its full-year revenue and earnings forecasts. The company reported adjusted net income more than tripled to $20 million ($0.37 per share), significantly exceeding Wall Street estimates of $0.23 per share. Growth was driven by increased demand for non-invasive transplant monitoring tests, favorable reimbursement dynamics, and CMS coverage affirmation for kidney, heart, and lung transplant surveillance testing.
Read original at the-motley-foolCareDx shares are trading higher after the company reported better-than-expected Q2 financial results. Also, the company raised its FY2026 sales guidance above estimates.
Read original at benzinga