There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Interpace Diagnostics Group Inc (NASDAQ:IDXG) and Good Times Restaurants Inc (NASDAQ:GTIM) with bullish sentiments.
Interpace Diagnostics Group Inc (IDXG)
In a report released today, Caroline Palomeque from Maxim Group maintained a Buy rating on Interpace Diagnostics Group Inc, with a price target of $3. The company’s shares closed yesterday at $1.03.
Palomeque observed:
“Interpace reported 2Q18 with revenue of $5.5M, up 14% sequentially and the 6th consecutive quarter of revenue growth. Although the company did not provide a breakdown of revenue by product (ThyGenX/ThyGeNEXT/ThyraMIR, PacraGEN), management did note that the GI and endocrine franchises are a near 50:50 split. The company reported a net loss of $(1.9M), ending the period with $10.1M in cash, and no long-term debt.”
According to TipRanks.com, Palomeque has 0 stars on 0-5 star ranking scale with an average return of -9.2% and a 34.0% success rate. Palomeque covers the Healthcare sector, focusing on stocks such as Soleno Therapeutics Inc, VistaGen Therapeutics, and Anavex Life Sciences.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Interpace Diagnostics Group Inc with a $2.75 average price target, which is a 167.0% upside from current levels. In a report issued on July 27, H.C. Wainwright also reiterated a Buy rating on the stock with a $3 price target.
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Good Times Restaurants Inc (GTIM)
Maxim Group analyst Stephen Anderson maintained a Buy rating on Good Times Restaurants Inc today and set a price target of $7. The company’s shares closed yesterday at $4.10, close to its 52-week high of $4.30.
Anderson wrote:
“We maintain our Buy rating and $7 price target on Good Times Restaurants (GTIM) following the release of full F3Q18 (June) results yesterday. GTIM generated $0.02, which matched our estimate and were above the $0.00 mean. Revenue of $26.2M also beat consensus. Management provided a somewhat muted FY19 outlook, though we model positive comps at both concepts and adjusted EBITDA growth of at least 35%. As our growth thesis remains intact for the company, we believe GTIM has a compelling valuation.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.1% and a 73.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Dine Brands Global Inc, and Brinker International.
Currently, the analyst consensus on Good Times Restaurants Inc is a Moderate Buy with an average price target of $7.
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