Canaccord lowered the firm’s price target on Castle Biosciences (CSTL) to $37 from $42 and keeps a Buy rating on the shares. The firm said they delivered soid Q1 results and although they remain bullish on the company and believe the shares are undervalued, they recognize there is material risk to the company executing on its growth strategy.
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Read More on CSTL:
- Castle Biosciences Reports Strong Q1 2025 Growth
- Castle Biosciences to acquire Capsulomics, terms undisclosed
- Castle Biosciences reports Q1 adjusted EPS (20c), consensus (7c)
- Castle Biosciences raises FY25 revenue view to $287M-$297M from $280M-$295M
- Castle Biosciences Reports 21% Revenue Increase in Q1 2025
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