TD Cowen analyst Dan Brennan lowered the firm’s price target on Exact Sciences (EXAS) to $66 from $75 and keeps a Buy rating on the shares. The firm notes the stock traded off post close, this despite posting a strong Q2. The issue was the company’s CRC blood data was a big disappointment. But the good news is, TD Cowen points out, Exact Sciences moved aggressively, signing a deal with competitor Freenome to get access to their blood-based CRC test and pipeline, with FDA approval expected in 2026. The firm says the selloff looks overdone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXAS:
- EXACT Sciences trading resumes
- EXACT Sciences trading halted, volatility trading pause
- Exact Sciences: Strategic Positioning and Growth Potential Bolstered by Freenome Agreement
- Exact Sciences: Strategic Moves and Strong Performance Justify Buy Rating Despite Market Overreaction
- Exact Sciences price target lowered to $55 from $65 at Barclays