---
title: "Azenta: Buy Rating Reaffirmed as Strong Q3 Trends Support Outlook; $33 Price Target Maintained"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294883066.md"
description: "Needham analyst David Saxon reaffirmed a Buy rating on Azenta with a $33 price target, citing strong Q3 trends. Key drivers include better-than-expected revenue from Sample Management Solutions and Multiomics businesses, improved North American volumes, healthy core storage growth, and progress in clearing backlogs. These factors support a constructive outlook for the company."
datetime: "2026-08-04T23:05:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294883066.md)
  - [en](https://longbridge.com/en/news/294883066.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294883066.md)
generator: "portal-rs"
---

# Azenta: Buy Rating Reaffirmed as Strong Q3 Trends Support Outlook; $33 Price Target Maintained

Needham analyst David Saxon reiterated a Buy rating on Azenta today and set a price target of $33.00.

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David Saxon has given his Buy rating due to a combination of factors, notably Azenta’s stronger-than-expected fiscal third quarter revenue performance driven by momentum in both its Sample Management Solutions and Multiomics businesses. He also highlights that North American Multiomics volumes improved steadily during the quarter and that recent commercial investments are beginning to translate into tangible benefits, supporting a constructive outlook.

Moreover, Saxon points to healthy core storage growth, solid commercial and industrial bookings, and progress in clearing discard-related backlogs within the SMS segment as signs of operational and demand strength. Taken together, these trends lead him to view the quarter as encouraging and to reaffirm his positive stance on the shares, while maintaining his price target at $33.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**