BTIG analyst Mark Massaro raised the firm’s price target on Talis Biomedical to $5.00 from $0.35 and keeps a Sell rating on the shares. The firm is updating its model after the company’s 1-for-15 reverse stock split, but notes only “modest adjustments” to its model after its Q2 results. Talis remains “heads down” in advancing the development of the Talis One system and cartridges, initially for its COVID-19 test panel, followed by its COVID-19 + flu A + flu B test panel, the analyst tells investors in a research note.
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Read More on TLIS:
- Talis Biomedical to Report Second Quarter 2023 Financial Results and Provide a Business Update on August 10, 2023
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- Talis Biomedical regains compliance with Nasdaq minimum bid price requirement
- Talis Biomedical Announces 1-for-15 Reverse Stock Split
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