The price of XGN is predicted to go up 8.83%, based on the high correlation periods with FPI. The similarity of these two price pattern on the periods is 95.72%.
XGN
FPI
Up: 8.83%Similarity: 95.72%
XGN Revenue Forecast
XGN EPS Forecast
XGN FAQs
What is bull’s view on XGN?
Exagen (XGN) stock has a bullish outlook with analysts setting a price target of $7.00, representing a 156% upside from its current price of $3.17. This optimism is driven by the company's recent conditional approval for new lupus and rheumatoid arthritis biomarker assays, expected to enhance diagnostic accuracy and drive revenue growth. Additionally, Exagen's strong operational improvements and progress toward profitability further support the positive sentiment.
What is bear's view on XGN?
XGN stock is currently trading at $3.17, with analysts maintaining a strong buy rating and an average price target of $6.33, implying a 96% upside. The bullish sentiment is driven by the company's recent conditional approval for new lupus and rheumatoid arthritis biomarker assays, expected to enhance revenue growth in 2025. However, near-term risks include projected Q4 2024 net losses of $3.4M-$4.4M, which may weigh on investor confidence.
What is XGN revenue forecast for next quarter?
The market consensus for XGN's revenue in the upcoming quarter is projected to be approximately $14.92M USD.
What is XGN eps forecast for next quarter?
The market consensus for XGN's eps in the upcoming quarter is projected to be approximately $0.24 USD.
Canaccord raised the firm's price target on Exagen to $7 from $5 and keeps a Buy rating on the shares. The firm previewed its coverage in the Diagnotstics and Tools universe for the year and it believes the outlook appears move favorable in 2025, albeit weighed toward the back end of the year. As the group underperformed in 2024 they acknowledege investors may be weary, but companies with possible meaningful product launches include Exagen could support a return to improved revenue growth.