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Do Analysts Agree Monday on Quanterix Corp (QTRX) Stock's Target Price?

Monday, March 08, 2021 02:24 PM | InvestorsObserver Analysts

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Do Analysts Agree Monday on Quanterix Corp (QTRX) Stock's Target Price?

Wall Street is positive on Quanterix Corp (QTRX). On average, analysts give QTRX a Strong Buy rating. The average price target is $68.333, which means analysts expect the stock to add by 11.06% over the next twelve months.

That average ranking earns QTRX an Analyst Rating of 78, which is better than 78% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating QTRX a Strong Buy today. Find out what this means to you and get the rest of the rankings on QTRX!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Quanterix Corp Stock Today?

Quanterix Corp (QTRX) stock is lower by -8.67% while the S&P 500 has risen 0.47% as of 2:14 PM on Monday, Mar 8. QTRX is down -$5.84 from the previous closing price of $67.37 on volume of 303,961 shares. Over the past year the S&P 500 is up 40.54% while QTRX has risen 218.81%. QTRX lost -$1.10 per share the over the last 12 months.

Click Here to get the full report on Quanterix Corp (QTRX) Stock.

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