Guggenheim analyst Subbu Nambi raised the firm’s price target on Personalis (PSNL) to $12 from $6 and keeps a Buy rating on the shares after the company announced Medicare coverage for NeXT Personal in breast cancer. This first covered indication keeps Personalis on track for their goal of two indications by year end, notes the analyst, who views this as “a major win for the story” that derisks the clinical revenue outlook for 2025.
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