Goldman Sachs Maintains Buy Rating for NeoGenomics: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of NeoGenomics NEO and raise its price target from $17.00 to $19.00.

Shares of NeoGenomics are trading up 1.27% over the last 24 hours, at $16.69 per share.

A move to $19.00 would account for a 13.84% increase from the current share price.

About NeoGenomics

NeoGenomics Inc operates a network of cancer-focused genetic testing laboratories in the United States as well as a laboratory in Switzerland. The company operates into two segments namely Clinical Services and Advanced Diagnostics. It offers types of genetic and molecular testing services namely Cytogenetics, Fluorescence In-Situ Hybridization, Flow cytometry, Immunohistochemistry, Molecular testing, Pathology consultation. Advanced Diagnostics segment supports pharmaceutical firms in their drug development programs by supporting various clinical trials and research. For Clinical Services, Its specialized diagnostic services are performed based on an online test order or a written test requisition form. The company generates majority of its revenue from Clinical Services.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.