Craig-Hallum analyst Alexander Nowak maintained a Buy rating on QuidelOrtho (QDEL – Research Report) today. The company’s shares closed last Friday at $68.15.
Nowak covers the Healthcare sector, focusing on stocks such as CVRx, QuidelOrtho, and CareDx. According to TipRanks, Nowak has an average return of 0.9% and a 40.19% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for QuidelOrtho with a $101.00 average price target.
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Based on QuidelOrtho’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $744 million and a GAAP net loss of $12.7 million. In comparison, last year the company earned a revenue of $783.8 million and had a net profit of $19.2 million
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QuidelOrtho (QDEL) Company Description:
Quidel Corp. engages in the development, manufacture and market of rapid diagnostic testing solutions. Its portfolio includes rapid immunoassays, cardiac immunoassays, specialized diagnostic solutions and molecular diagnostic solutions. The products are directly sold to end users and distributors and for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, urgent care clinics, universities, retail clinics, pharmacies and wellness screening centers. The company was founded in 1979 and is headquartered in San Diego, CA.
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