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Oppenheimer Reiterates an 'Outperform' on Fluidigm Corporation (FLDM); Spending Time on the Road

September 11, 2012 8:31 AM EDT
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Price: $3.71 --0%

Rating Summary:
    9 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 11 | New: 13
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Oppenheimer reiterates an 'Outperform' on Fluidigm Corporation (NASDAQ: FLDM) price target of $19.00.

Analyst, David Ferreiro, said, "We spent time with FLDM on the road and maintain a strong growth outlook for the company, based on the potential of the C1 Auto Prep System. The C1 overcomes significant manipulation and automation hurdles with current single cell analysis experiments. We believe with the launch of this product, FLDM will ultimately create a substantial market for single cell genomics, which is garnering significant interest for its research/diagnostic/drug development applications. Management shared positive color on the early access (EA) program and longer term plans to build on the C1 franchise. We believe FLDM offers a unique opportunity, particularly for long-term investors, to capitalize on a high-potential market, which is currently in its early stages."

For an analyst ratings summary and ratings history on Fluidigm Corporation click here. For more ratings news on Fluidigm Corporation click here.

Shares of Fluidigm Corporation closed at $15.84 yesterday.


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