T2 Biosystems (TTOO) Receives a Rating Update from a Top Analyst

In a report released yesterday, Max Masucci from Canaccord Genuity maintained a Buy rating on T2 Biosystems (TTOOResearch Report), with a price target of $3.50. The company’s shares closed last Thursday at $1.95.

According to TipRanks.com, Masucci is a top 100 analyst with an average return of 75.8% and a 77.0% success rate. Masucci covers the Healthcare sector, focusing on stocks such as Castle Biosciences, Guardant Health, and Exact Sciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for T2 Biosystems with a $3.10 average price target.

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The company has a one-year high of $3.79 and a one-year low of $0.24. Currently, T2 Biosystems has an average volume of 12.41M.

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T2 Biosystems, Inc. engages in the development of proprietary technology platform. It offers the T2 Magnetic Resonance technology which enables rapid detection of pathogens, biomarkers and other abnormalities in a variety of unpurified patient sample types. It products include T2Bacteria Panel, T2Candida Panel, T2Dx Instrument, AND T2MR Technology. The company was founded by Michael J. Cima, Robert S. Langer Jr., Tyler Jacks, Lee Josephson, W. David Lee, and Ralph Weissleder on April 27, 2006 and is headquartered in Lexington, MA.