BTIG raised the firm’s price target on Cryoport (CYRX) to $15 from $10 and keeps a Buy rating on the shares. The stock has been under some pressure over the past 2 years, but this is likely due to worries around the Inflation Reduction Act, tariffs, Most Favored Nation, and drug pricing reform risk, and the market appears to be turning the corner, the analyst tells investors in a research note. Cryoport’s gross margin and Product revenue growth are also showing good improvement, and the company has well over $400M of cash, the firm added.
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