Veracyte, Inc. (VCYT) Sees Analyst Support as Guggenheim Reaffirms Buy Rating

We recently compiled a list of the 15 High Growth Mid-Cap Stocks to Buy. Veracyte, Inc. is one of the high growth stocks on our list.

TheFly reported on January 5 that Guggenheim analyst Subbu Nambi raised the price target for VCYT to $50 from $45, maintaining a Buy rating on the stock. The firm updated its models and forecasts for companies in the Diagnostics and Life Sciences Tools sector based on insights gained from recent management meetings.

Veracyte, Inc. (VCYT) Sees Analyst Support as Guggenheim Reaffirms Buy Rating

Separately, on January 11, Veracyte, Inc. (NASDAQ:VCYT) released preliminary full-year 2025 results and 2026 guidance. It forecasts $570 million to $582 million in sales in 2026, which is higher than the consensus of roughly $565 million and shows sustained growth momentum.

Veracyte, Inc. (NASDAQ:VCYT) is a genomic diagnostics company that develops tests to improve diagnosis and treatment decisions for thyroid, lung, and other cancers, as well as autoimmune diseases, aiming to reduce unnecessary procedures and enhance patient care through precision medicine.

While we acknowledge the risk and potential of VCYT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VCYT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.