Wells Fargo Begins Coverage of Bio-Techne (TECH) Stock, Gives PT of $59

On May 30, Wells Fargo began coverage on Bio-Techne Corporation (NASDAQ:TECH)’s stock with an “Overweight” rating and a price objective of $59.00, as reported by The Fly. The firm’s analyst, Brandon Couillard, lauded the company’s strong financial position. Bio-Techne Corporation (NASDAQ:TECH)’s net interest expense in Q3 2025 came in at $0.8 million, reflecting a fall of $2.3 million as compared to the prior year because of reduced net debt levels.

Wells Fargo Begins Coverage on Bio-Techne (NASDAQ:TECH) Stock, Gives PT of $59

A team of scientists wearing lab coats and protective eyewear in a research laboratory, intently looking into microscopes and analyzing results.

Its bank debt on the balance sheet as of the end of Q3 was $330 million. The company’s balance sheet had $140.7 million in cash, while its total leverage ratio was well below one time EBITDA.

As per Wells Fargo, Bio-Techne Corporation (NASDAQ:TECH)’s unique portfolio remains well-placed to deliver sustained above-average organic revenue and earnings growth. Furthermore, Bio-Techne Corporation (NASDAQ:TECH) is exposed to high-growth verticals, including good manufacturing practice reagents, spatial biology, and precision diagnostics, among others. Overall, the firm opines that the recent pullback in the shares provides a strong entry point.

During Q3 2025, the company’s pharma end market continued to improve, mainly from its large pharma partners, which resulted in a strong performance in the cell therapy and protein analysis instrumentation businesses. Bio-Techne Corporation (NASDAQ:TECH)’s continued emphasis on profitability led to a 34.9% adjusted operating margin, implying a 190 bps increase as compared to the prior-year period.

Bio-Techne Corporation (NASDAQ:TECH) is engaged in developing, manufacturing, and selling life science reagents, instruments, and services for the research, diagnostics, and bioprocessing markets.

While we acknowledge the potential of TECH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than TECH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.