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UBS has raised CryoPort's stock price target to $11 from $10, maintaining a Buy rating, as the company focuses on expanding its cell and gene therapy services. Following the divestiture of its CryoPDP subsidiary for $195 million, CryoPort is expected to enhance its financial position and growth potential, with improved earnings estimates for 2025 and 2026. The strategic move aligns with a strong liquidity position and aims to bolster CryoPort's market presence in the life sciences sector.
UBS has raised its price target for CryoPort shares from $10 to $11, maintaining a Buy rating, as the company focuses on expanding its cell and gene therapy services. The recent sale of its subsidiary CryoPDP for $195 million is expected to enhance liquidity and support growth, with adjusted EPS forecasts improving for 2025 and 2026. CryoPort's strategic moves, including a new cryogenic freezer launch, aim to strengthen its market position in the life sciences sector.
UBS analyst John Sourbeer upgraded CryoPort's shares from Neutral to Buy, setting a price target of $10, despite the stock's 67.7% decline over the past year. The company, heavily reliant on the cell and gene therapy sector, is expected to achieve low double-digit revenue growth by 2026, supported by a strong financial position and an expanding development pipeline. In its recent financial results, CryoPort reported a larger-than-expected loss per share but exceeded revenue forecasts, prompting positive after-hours trading.
CryoPort Inc
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ubs raises cryoport price target to eleven maintains buy rating
16:12 01.04.2025
ubs raises cryoport price target to 11 dollars maintains buy rating
15:49 01.04.2025
UBS upgrades CryoPort to Buy with price target of ten dollars
14:51 24.03.2025
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