Veracyte Inc (NASDAQ: VCYT) stock closed at $25.25 on 11/14/23 after a major increase of 10.0%. The stock has risen 6.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
VCYT is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Veracyte has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Veracyte has a slightly negative Appreciation Score of 35 but a slightly positive Power Rating of 66, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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