CareDx (CDNA) Tops Q4 EPS by 11c

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CareDx (CNDA) PT, Estimates Cut at Piper Jaffray Post Q4

March 18, 2015 8:51 AM EDT

Piper Jaffray analyst William R. Quirk lowered estimates and his price target on CareDx, Inc (NASDAQ: CDNA) to $8.00 (from $13.00) following Q4 results but maintained an Overweight rating.

Quirk commented, "CareDx reported 4Q14 revenue growth of 35.8% to $8.0M, above our ($6.7M) and consensus ($6.9M) expectations, although a... More