Cathie Wood’s Stock Portfolio: Top 5 Stock Picks For 2023

3. Exact Sciences Corporation (NASDAQ:EXAS)

Weight of Ark Investment Management’s 13F Portfolio: 5.43%

On February 21, Exact Sciences Corporation (NASDAQ:EXAS) announced earnings for the fiscal fourth quarter of 2022, in which it beat EPS estimates by $0.22. The company generated a revenue of $553 million, up 16.71% year over year, and outperformed market consensus by $27.39 million.

Exact Sciences Corporation (NASDAQ:EXAS) represents 5.43% of Cathie Wood’s investment portfolio. The stock is placed third among Cathie Wood’s top stock picks for 2023 and has gained 81% over the past 6 months, as of April 5.

This March, Citi analyst Patrick Donnelly raised his price target on Exact Sciences Corporation (NASDAQ:EXAS) to $90 from $70 and upgraded the stock to Buy from Neutral.

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