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Stock impact report

PacBio should return to growth over time, says Canaccord [Yahoo! Finance]

Pacific Biosciences of California, Inc. (PACB) 
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
Company Research Source: Yahoo! Finance
In This Article PACB Canaccord reiterates a Buy rating on PacBio ( PACB ) with a $3 price target following the company's Q4 report. The firm says that although PacBio forecasts modest sales growth in 2025, it remains optimistic the company should be able to return to growth over time due to new products and improved execution. Canaccord points out management incorporated National Institutes of Health-related uncertainty into its 2025 guidance. The firm is optimistic PacBio's is positioned “relatively well” in the current environment and believes the shares do not reflect the company's growth potential. The stock in morning trading is up 24% to $1.84. Maximize Your Portfolio with Data Driven Insights: Leverage the power of TipRanks' Smart Score , a data-driven tool to help you uncover top performing stocks and make informed investment decisions. Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio Published first Show less Read more
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