Morgan Stanley analyst Yuko Oku assumed coverage of Seer with an Equal Weight rating and $7 price target. Seer expects 2024 revenue to be in the range of $18M-$20M, which is “a touch below expectations at the midpoint,” says the analyst, who notes that macro softness and China headwinds are expected to remain. Key opinion leader publications and a macro recovery remain key to broadening adoption and easing capital constraint headwinds, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SEER:
- Seer sees FY24 revenue $18M-$20M, consensus $19.9M
- Seer reports Q4 EPS (28c), consensus (37c)
- Seer Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Outlook
- Seer to Participate in the TD Cowen 44th Annual Health Care Conference
- Seer announces publication of study on Proteograph workflow