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EXAS
Benzinga
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These Analysts Raise Their Forecasts On Exact Sciences Following Better-Than-Expected Q3 Results

1. EXAS reports Q3 earnings at 24 cents, exceeding 7 cents loss estimate. 2. Sales reached $850.739 million, beating the forecast of $810.178 million. 3. FY2025 sales guidance increased to $3.220-3.235 billion from previous estimates. 4. Analysts raised price targets: BTIG to $85, Stifel to $80, Barclays to $77. 5. Shares gained 3.5%, closing at $66.98 after the earnings report.

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FAQ

Why Bullish?

The company exceeded expectations in earnings and sales, which typically boosts investor confidence. Historical examples include companies like Illumina and Myriad Genetics, which saw similar positive reactions post-earnings.

How important is it?

Earnings performance and guidance impacts investor sentiment and stock movements significantly.

Why Short Term?

Elevated price targets and strong earnings will likely influence stock performance in the near term, similar to events in 2020-2021 for high-growth biotechs.

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