Canaccord Lifts PT on Biodesix (BDSX) on Raised Revenue Assumptions

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Noor Ul Ain Rehman

Sat, May 23, 2026 astatine 7:16 AM CDT 2 min read

Biodesix, Inc. (NASDAQ:BDSX) is 1 of the champion oversold maturation stocks to put successful now. Canaccord lifted the terms people connected Biodesix, Inc. (NASDAQ:BDSX) to $22 from $20 connected May 5, reiterating a Buy standing connected the shares. The steadfast stated that the terms people summation is driven chiefly by raised gross assumptions and operating borderline enlargement successful its 10-year DCF model.

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The standing update came aft Biodesix, Inc. (NASDAQ:BDSX) reported concern and fiscal results for fiscal Q1 2026 connected May 4, reporting that Diagnostic Testing gross reached $22.3 cardinal successful the quarter, representing 37% year-over-year growth. This was attributed to a 29% summation successful trial volumes to 17,800 and a higher mean gross per test, portion the betterment successful mean gross per trial was chiefly driven by expanded payer sum and enhancements to gross rhythm management.

Biodesix, Inc. (NASDAQ:BDSX) further reported that full gross for fiscal Q1 2026 was $25.6 million, up 42% implicit the respective prior-year comparable period, with an 84% gross margin.

Biodesix, Inc. (NASDAQ:BDSX) is simply a supplier of blood-based diagnostics services for patients with lung disease. The steadfast offers GeneStrat and VeriStrat, on with six different diagnostic tests, including: Nodify XL2, Nodify CDT, GeneStrat, VeriStrat, Bio-Rad SARS-CoV-2 ddPCR test, and the Platelia SARS-CoV-2 test.

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