EarningsBetter than projected Q3 earnings drive increased confidence in FY '26 and beyond, maintaining a BUY rating and increasing the price target to $153.
Market PositionGeneDx was selected to participate in the Sunshine Genetics Network, the first state-backed newborn screening program, which could enhance its market position.
Revenue GrowthGeneDx reported third-quarter results that were well ahead of estimates and consensus, with significant revenue growth of 52% year-over-year.