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BillionToOne initiated with a Hold at Jefferies

Jefferies initiated coverage of BillionToOne (BLLN) with a Hold rating and $117 price target The company is leveraging its Quantitative Counting Templates technology to create highly-sensitive assays, which should result in outsized growth, the analyst tells investors in a research note. The firm cites valuation for the Hold rating with the shares doubling since the initial public offering.

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