Ginkgo Bioworks Holdings (DNA) Receives a Buy from TD Cowen
In a report released today, Brendan Smith from TD Cowen maintained a Buy rating on Ginkgo Bioworks Holdings, with a price target of $12.00. The company’s shares closed yesterday at $9.76.
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Smith covers the Healthcare sector, focusing on stocks such as Halozyme, Azenta, and Codexis. According to TipRanks, Smith has an average return of -1.4% and a 36.27% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Ginkgo Bioworks Holdings with a $9.00 average price target.
Based on Ginkgo Bioworks Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $48.32 million and a GAAP net loss of $90.96 million. In comparison, last year the company earned a revenue of $37.94 million and had a GAAP net loss of $165.91 million
