JonesResearch lowered the firm’s price target on Femasys (FEMY) to $6 from $10 and keeps a Buy rating on the shares. The company reported Q1 earnings with no major updates to catalysts or its cash runway, the analyst tells investors in a research note. The firm remains positive on Femasys, but cut its price target to reflect the delayed launch of FemaSeed and an increase in share count from potential financing in 2025.
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Read More on FEMY:
- Femasys’s Growth Potential Highlighted by U.S. Revenue Surge and Strategic Partnerships
- Femasys Positioned for Growth with Innovative Products and Strategic Partnerships
- Femasys Positioned for Growth in 2025 with Strategic Partnerships and Regulatory Progress
- Femasys reports FY24 EPS (85c), consensus (81c)
- FEMY Upcoming Earnings Report: What to Expect?
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