CareDx (CDNA) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CareDx in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CDNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDNA, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued twelve-month price objectives for CareDx's shares. Their CDNA share price forecasts range from $9.00 to $25.00. On average, they expect the company's stock price to reach $13.80 in the next twelve months. This suggests a possible upside of 90.1% from the stock's current price.
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CareDx's stock was trading at $11.41 at the start of the year. Since then, CDNA shares have decreased by 36.4% and is now trading at $7.26.
View the best growth stocks for 2023 here.

CareDx saw a decline in short interest in September. As of September 15th, there was short interest totaling 3,900,000 shares, a decline of 5.8% from the August 31st total of 4,140,000 shares. Based on an average daily trading volume, of 835,900 shares, the days-to-cover ratio is presently 4.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CDNA earnings forecast.

CareDx, Inc (NASDAQ:CDNA) released its earnings results on Tuesday, August, 8th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.10. The firm earned $70.30 million during the quarter, compared to analyst estimates of $56.40 million. CareDx had a negative net margin of 27.15% and a negative trailing twelve-month return on equity of 19.84%.

ETFs with the largest weight of CareDx (NASDAQ:CDNA) stock in their portfolio include ARK Genomic Revolution ETF (ARKG), Jacob Forward ETF (JFWD), ROBO Global Healthcare Technology and Innovation ETF (HTEC) and Global X Genomics & Biotechnology ETF (GNOM).First Trust Nasdaq Lux Digital Health Solutions ETF (EKG).

CareDx issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $240.00 million-$260.00 million, compared to the consensus revenue estimate of $261.94 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other CareDx investors own include Block (SQ), Roku (ROKU), Exact Sciences (EXAS), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Enphase Energy (ENPH), Johnson & Johnson (JNJ), Activision Blizzard (ATVI) and Alibaba Group (BABA).

CareDx trades on the NASDAQ under the ticker symbol "CDNA."

CareDx's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (12.34%), BlackRock Inc. (10.04%), State Street Corp (7.72%), Bellevue Group AG (6.86%), Sumitomo Mitsui Trust Holdings Inc. (5.46%) and Gagnon Securities LLC (3.83%). Insiders that own company stock include Ankur Dhingra, George Bickerstaff, Grace Colon, Michael Brian Bell, Michael Goldberg, Paul Adler, Peter Maag, Ralph Snyderman, Reginald Seeto, Sasha King, Thomas A Thomas and William A Hagstrom.
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Shares of CDNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDNA stock can currently be purchased for approximately $7.26.

CareDx (NASDAQ:CDNA) has a market capitalization of $393.27 million and generates $321.79 million in revenue each year. The company earns $-76,610,000.00 in net income (profit) each year or ($1.56) on an earnings per share basis.

The company employs 727 workers across the globe.

CareDx's mailing address is 1 TOWER PLACE 9TH FLOOR, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.caredxinc.com. The company can be reached via phone at (415) 287-2300, via email at caroline.corner@westwicke.com, or via fax at 415-287-2450.