UPDATE: Berenberg Starts Berkeley Lights (BLI) at Buy, Sees 100% Upside

October 13, 2021 6:10 AM EDT
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Price: $25.60 --0%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 5 | Down: 10 | New: 27
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(Updated - October 13, 2021 6:52 AM EDT)

Berenberg analyst Guarav Goparaju initiates coverage on Berkeley Lights (NASDAQ: BLI) with a Buy rating and a price target of $42.00.

The analyst commented, "BLI is a digital cell biology company focused on providing a platform of automation tools, consumables, and services for the discovery of biologics and cell-based products. BLI’s solutions address attractive and emerging end markets that represent over $30bn in TAM opportunity. As BLI seeks to capitalize on increasing demand for biologically complex and cell-based products, we view the company as a valued and differentiated addition to our specialty tech coverage."

For an analyst ratings summary and ratings history on Berkeley Lights click here. For more ratings news on Berkeley Lights click here.

Shares of Berkeley Lights closed at $21.00 yesterday.

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