Azenta, Inc. (AZTA) PT Lowered to $30 at TD Cowen

TD Cowen analyst Brendan Smith lowered the price target on Azenta, Inc. (NASDAQ: AZTA) to $30.00 (from $39.00) while maintaining a Hold rating.

The analyst comments "Shares down >20% off lower FQ1 GMs (-360bps y/y) driving EPS miss despite $149M revs beating consensus $147M. NGS/biorepositories strength + growth in China, EU are bright spots, though N. America + automated stores still under pressure. +3-5% FY26 guide intact but will rely on US market recovery in H2. Lowering NT growth ests + EV/sales multiple to 1.3x (from 2x) supports new $30 PT (-$9)."

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