Maxim Group Assigns a Buy Rating on BioNano Genomics (BNGO)

Maxim Group analyst Jason McCarthy assigned a Buy rating to BioNano Genomics (BNGOResearch Report) yesterday and set a price target of $12.00. The company’s shares closed last Wednesday at $5.36.

According to TipRanks.com, McCarthy is a 3-star analyst with an average return of 4.7% and a 30.9% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Reviva Pharmaceuticals Holdings, Appili Therapeutics Inc Class A, and Brainstorm Cell Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BioNano Genomics with a $11.00 average price target.

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The company has a one-year high of $15.69 and a one-year low of $0.47. Currently, BioNano Genomics has an average volume of 8.17M.

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BioNano Genomics, Inc. is a life sciences instrumentation company, which focuses on genome analysis space. The firm engages in the development and marketing of Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline cytogenetics. The company was founded by Han Cao in October 2003 and is headquartered in San Diego, CA.