MaxCyte

MXCT · NASDAQ

$1.43+$0.13 (+10.00%)TodayMarket closed ·
Prev close $1.30

MXCT analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.
  • Strong buy0
  • Buy1
  • Hold0
  • Underperform0
  • Sell0

12-month price target · 6 analysts

Average $4.19 (+193.0% upside)

Low
$2.45
Now
$1.43
High
$5.25

Upgrades and downgrades

The latest rating actions, newest first

MXCT analyst upgrades, downgrades and rating actions
FirmDateActionRating
Craig-HallumMar 25, 2026MaintainsBuy

The case for and against

Updated Oct 23, 2024

Bull case

MaxCyte Inc. is positioned favorably in the growing Cell and Gene Therapy (CGT) industry, with ongoing innovations in non-viral delivery systems highlighting its relevance and potential within the sector. The company demonstrated resilience, as Cell Therapy revenue exceeded expectations by approximately $0.4 million, indicating robust demand for its proprietary Flow Electroporation platform. Furthermore, the maintained revenue guidance of $6 million underscores MaxCyte's stable financial outlook despite broader market competitiveness.

Bear case

MaxCyte Inc. has revised its revenue expectations, anticipating flat to only modest growth of 5% year-over-year for FY24, following a significant 32% decline in core revenue for FY23, with consumable sales down by 42%. The company reported a preliminary revenue miss for Q3 2023 and has lowered its overall revenue guidance for FY23 to $34 million, indicating persistent operational challenges amplified by macroeconomic pressures. Additionally, a reliance on capital-intensive cell and gene therapy (CGT) markets, along with a history of sustained financial losses, raises concerns about the company's short-term viability and long-term growth prospects.

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