GeneDx rises after Piper Sandler initiates coverage with 'overweight' rating

ReutersJul 9, 2025 5:08 PM

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Rare disease diagnostics company GeneDx WGS.O shares up ~8.9% at $92.8

Piper Sandler initiates coverage on WGS with "overweight" rating, saying the company has a unique first-mover advantage in a fast-growing and expanding market in rare disease testing

WGS has high penetration rates among key clinician types, including an 80% market share among genetics experts and 13% among pediatric neurologists - brokerage

Piper Sandler sets PT at $110, implying a ~29% upside to stock's last close

Six of seven brokerages rate the stock "buy" or higher, one "hold"; median PT is $105 - data compiled by LSEG

Including session's moves, stock up ~20.8% YTD

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