Morgan Stanley lowered the firm’s price target on Seer to $3 from $7 and keeps an Equal Weight rating on the shares. Seer’s Q2 was slightly below Street expectations as elongated sales cycles and capex budget pressure continue to persist, and 2024 guidance was lowered to reflect a weaker second half outlook, the analyst tells investors in a research note.
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Read More on SEER:
- Seer to Participate in the Canaccord Genuity 44th Annual Growth Conference
- Seer cuts FY24 revenue view to $13M-$15M from $16M-$18M, consensus $16.79M
- Seer reports Q2 EPS (35c), consensus (36c)
- Seer to Report Second Quarter 2024 Financial Results on August 8, 2024
- Seer Scrambles to Address Board Vacancy for Nasdaq Compliance
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