KeyBanc last night upgraded Exagen (XGN) to Overweight from Sector Weight with a $12 price target The firm sees higher revenue visibility due to the company’s improved pricing, salesforce additions, and new payers like Tricare. Exagen is a leader in autoimmune diagnostics and its revenue guidance implies growth of 17%-25% in 2025, the analyst tells investors in a research note. KeyBanc believes the company is working to expand its leading market position in novel connective tissue diagnosis with new biomarkers in early 2026 to increase the “moat” around its core test.
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Read More on XGN:
- Exagen Inc. Reports Record Q2 2025 Revenue
- Exagen’s Promising Financial Trajectory and Raised Price Target Amid Strong Performance and Strategic Growth Initiatives
- Exagen upgraded to Overweight from Sector Weight at KeyBanc
- Exagen reports Q2 EPS (21c), consensus (15c)
- Exagen sees FY25 revenue $65M-$70M, consensus $65.87M