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Home โบ Stocks โบ T2 Biosystems Inc. (TTOO) Stock Forecast & Price Prediction United States | OTC | Healthcare | Diagnostics & Research
$0.14
-0.01 (-5.33%)Did TTOO Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if T2 Biosystems is one of their latest high-conviction picks.
TTOO has shown a year-to-date change of 0.0% and a 1-year change of -50.0%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for TTOO. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for TTOO.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jul 30, 2024 | Canaccord Genuity | Kyle Mikson | Hold | Maintains | $5.00 |
| Apr 29, 2024 | Canaccord Genuity | Kyle Mikson | Hold | Maintains | $3.00 |
| Jul 13, 2023 | Alliance Global Partners | Ben Haynor | Neutral | Maintains | $0.07 |
| Jan 24, 2023 | Alliance Global Partners | Ben Haynor | Neutral | Maintains | $1.50 |
| Oct 14, 2022 | Canaccord Genuity | Kyle Mikson | Hold | Downgrade | $2.50 |
| Jul 7, 2022 | Alliance Global Partners | Ben Haynor | Neutral | Downgrade | $N/A |
| Jul 7, 2022 | BTIG | Mark Massaro | Neutral | Downgrade | $N/A |
| Feb 18, 2022 | Alliance Global Partners | Buy | Upgrade | $N/A | |
| Jan 27, 2021 | Alliance Global Partners | Ben Haynor | Neutral | Downgrade | $2.40 |
| Jan 27, 2021 | SVB Leerink | Puneet Souda | Outperform | Maintains | $3.00 |
| Nov 5, 2020 | SVB Leerink | Outperform | Maintains | $4.00 | |
| Nov 5, 2020 | Canaccord Genuity | Buy | Maintains | $3.50 | |
| Oct 8, 2020 | BTIG | Buy | Initiates | $N/A | |
| Aug 12, 2020 | SVB Leerink | Outperform | Maintains | $3.00 | |
| Jul 16, 2020 | Canaccord Genuity | Max Masucci | Buy | Maintains | $4.00 |
| May 6, 2020 | SVB Leerink | Puneet Souda | Outperform | Reiterates | $2.00 |
| Nov 26, 2019 | Janney Capital | Neutral | Downgrade | $N/A | |
| Sep 12, 2019 | Janney Capital | Buy | Upgrade | $N/A | |
| Sep 12, 2019 | SVB Leerink | Outperform | Reiterates | $5.00 | |
| Aug 1, 2019 | Alliance Global Partners | Neutral | Downgrade | $0.40 |
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T2 Biosystems Inc. has a market capitalization of $4.21M with a P/E ratio of 0.0x. The company generates $7.68M in trailing twelve-month revenue with a -113.6% profit margin.
Revenue growth is +34.9% quarter-over-quarter, while maintaining an operating margin of -511.9% and return on equity of +178.6%.
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Develops innovative diagnostics technology for healthcare.
T2 Biosystems generates revenue by developing and commercializing advanced diagnostic products, primarily its T2 Magnetic Resonance (T2MR) technology. This technology enables rapid and accurate identification of pathogens, allowing healthcare providers to make timely treatment decisions, thus enhancing their services and operational efficiency.
The company is headquartered in Lexington, Massachusetts, and focuses on improving patient outcomes while reducing healthcare costs. Its technology is crucial for hospitals looking to enhance diagnostic speed and accuracy, particularly in the detection of bloodstream infections and Lyme disease.
Healthcare
Diagnostics & Research
158
Mr. John J. Sperzel III, B.Sc.
United States
2014
T2 Biosystems extended its multi-year supplier agreement with Vizient through March 31, 2026, covering its sepsis detection products, including the T2Dxยฎ Instrument and panels.
The extension of T2 Biosystems' agreement with Vizient secures ongoing revenue and market presence, enhancing growth prospects and stability, which can positively influence investor confidence and stock performance.
The company plans to enhance the adoption of direct-from-whole-blood diagnostics, generate non-dilutive capital, and establish a new royalty revenue stream.
Accelerating adoption of whole-blood diagnostics can enhance market share and revenue, while non-dilutive capital and royalty streams improve financial stability and growth prospects.
T2 Biosystems, Inc. (NASDAQ:TTOO) will hold its Q3 2024 earnings conference call on November 14, 2024, at 4:30 PM ET, featuring key executives including the CEO and CFO.
T2 Biosystems' upcoming earnings call will provide insights into financial performance and future strategies, influencing stock valuation and investor sentiment.
T2 Biosystems, Inc. (NASDAQ:TTOO) will report Q3 2024 financial results and business updates on November 14, 2024, after market close.
T2 Biosystems' upcoming financial report on November 14 may reveal insights into its performance and growth in the sepsis detection market, impacting stock valuation and investor sentiment.
T2 Biosystems, Inc. (NASDAQ:TTOO) will hold a business update conference call on October 10, 2024, at 4:30 PM ET, featuring CEO John Sperzel and IR Trip Taylor.
T2 Biosystems' upcoming conference call may reveal key insights on business performance and future strategies, impacting investor sentiment and stock price.
T2 Biosystems (NASDAQ: TTOO) has signed a multi-year exclusive U.S. agreement with Cardinal Health (NYSE: CAH) for the sale of its FDA-cleared sepsis diagnostics.
The exclusive agreement with Cardinal Health enhances T2 Biosystems' market reach, potentially boosting sales and revenue, which can positively impact stock performance and investor sentiment.
Analyst forecasts for T2 Biosystems Inc. (TTOO) are not currently available. The stock is trading at $0.14.
According to current analyst ratings, TTOO has 3 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.14. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for TTOO are not currently available. The stock is trading at $0.14.
T2 Biosystems generates revenue by developing and commercializing advanced diagnostic products, primarily its T2 Magnetic Resonance (T2MR) technology. This technology enables rapid and accurate identification of pathogens, allowing healthcare providers to make timely treatment decisions, thus enhancing their services and operational efficiency.
Price targets from Wall Street analysts for TTOO are not currently available. The stock is trading at $0.14.
Price targets from Wall Street analysts for TTOO are not currently available. The stock is trading at $0.14.
The overall analyst consensus for TTOO is bullish. Out of 8 Wall Street analysts, 3 rate it as Buy, 2 as Hold, and 0 as Sell.
Stock price projections, including those for T2 Biosystems Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.