Guggenheim raises target for Cryoport stock from USD 16.00 to USD 19.00
Published on 10/06/2026 at 08:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Guggenheim raised its Cryoport stock price target from USD 16.00 to USD 19.00 on October 1, 2026, while keeping a Buy rating, according to Markets Insider. The move gives the latest analyst action a clear numerical angle for CYRX investors.
Revenue growth supports the case
Cryoport reported USD 49.0 million of revenue in the second quarter of 2026, an 8.00 percent year-over-year increase, according to The Globe and Mail. Life Science Services revenue reached USD 28.0 million, up 15.00 percent from the prior year, while BioStorage and BioServices revenue rose 25.00 percent to USD 5.6 million.
The operating trend also improved. Adjusted EBITDA from continuing operations reached USD 375,000 in the second quarter, a USD 1.3 million year-over-year improvement, while net cash from operating activities reached USD 5.0 million in the first half of 2026, according to The Globe and Mail.
Guidance stays at USD 192 million
Management affirmed full-year 2026 revenue guidance of USD 192 million to USD 196 million in the August 6, 2026 earnings call, according to The Globe and Mail. The range implies that the company is prioritizing execution and cash generation while it expands its temperature-controlled supply-chain network.
Cryoport supported 779 global clinical trials and 22 commercially approved cell and gene therapies as of June 30, 2026. The company also reported 94 Phase III trials, up from 82 a year earlier, giving the service business a measurable pipeline for future commercial activity.
CYRX remains below the analyst target
CYRX was trading at EUR 16.20 at Lang & Schwarz on October 6, 2026 at 8:44 a.m. CEST, up 0.31 percent versus the prior close of EUR 16.15. The quote was in the pre-market phase for the Xetra perspective, while the primary listing is Nasdaq in USD.
Cryoport stock facts
- Company: Cryoport, Inc.
- ISIN: US2290503075
- Ticker: CYRX
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 6, 2026, 8:44 a.m. CEST: EUR 16.20
- Change versus prior close: plus 0.31 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 16.15
- Market capitalization: USD 914.3 million (as of October 5, 2026)
- 52-week range: USD 7.61-18.24 (as of October 5, 2026)
- Sector / Industry: Industrials / Integrated Freight and Logistics
