BioLife Solutions (BLFS) stock soared 5.13% in Wednesday's intraday trading session on the back of positive analyst commentary and raised price targets. The surge came after the company reported impressive financial results and promising growth prospects.
In a research report, Maxim Group analyst Jason McCarthy reiterated a Buy rating on BLFS, citing the company's strong financial performance and continued progress in expanding its customer base and product portfolio. McCarthy highlighted BioLife's potential for further growth in the regenerative medicine and cell and gene therapy markets.
Additionally, H.C. Wainwright raised its price target on BioLife Solutions to $30 from $27, maintaining a Buy rating on the stock. The analysts were encouraged by the company's fourth-quarter results and believe the company is well-positioned to capitalize on the growing demand for its products and services.
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