Leerink Partners analyst Mani Foroohar has maintained their bullish stance on SDGR stock, giving a Buy rating yesterday.
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Mani Foroohar has given his Buy rating due to a combination of factors that reflect Schrodinger’s strategic adjustments and financial prudence. The company has announced a reduction in workforce by 7%, equating to 60 employees, and is implementing cost-saving measures to enhance cash flow and operational efficiency amidst challenging economic conditions.
Foroohar views these operational expense controls as a wise move, especially considering the uncertain macroeconomic environment and potential tariff impacts on Schrodinger’s major clients. Despite the unexpected timing of these workforce reductions, which might cause some investor concern about future growth, the company’s efforts to maintain financial discipline are seen as positive steps in navigating current market challenges.
Foroohar covers the Healthcare sector, focusing on stocks such as Alnylam Pharma, RegenXBio, and Schrodinger. According to TipRanks, Foroohar has an average return of -13.5% and a 38.08% success rate on recommended stocks.