On September 14, Twist Bioscience Corp rose 6.12% in regular trading, trading at $134.60 USD/share, with turnover of $103 million.
The rally appears to be fueled by a combination of recent positive catalysts. UBS initiated coverage on Twist Bioscience on September 9 with a Neutral rating and a $144 price target, implying significant upside from the stock's prior trading levels near $127. The $144 target stands notably above the consensus mean price target of $87.56, signaling a re-rating of the company's valuation among institutional analysts.
Adding to the bullish momentum, Twist Bioscience was selected by Anthropic in August as an independent evaluator for a multi-arm protein design project leveraging artificial intelligence, a development that previously drove a 17% single-day surge. The company also issued upbeat fiscal Q4 revenue guidance of $123 million to $124 million, well above the FactSet consensus estimate of $117.4 million, reinforcing confidence in its growth trajectory.
Within the Biotechnology sector, the broader group traded higher. Among individual stocks, Moderna rose 2.15%, AbbVie rose 1.94%, Gilead Sciences rose 1.36%, Regeneron Pharmaceuticals rose 1.27%, and Amgen rose 0.75%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)