5/18/2023 0 Comments Twist stock![]() ![]() Responding to the report, Twist described the short attack as “highly misleading, with many distortions and inaccuracies”. Scorpion Capital published a 236-page report arguing that Twist lacks proprietary tech and accusing the company of being a “cash-burning inferno” and “lab-on-a-chip scam”. The DNA company’s stock came under pressure in November when it became the target of a short-seller. "We believe the tides are changing and have become incrementally positive on this name," wrote Kumar in a note seen by Genome Web. Cathie Wood added almost 64,000 Twist shares to the Ark Genomic Revolution ETF in the first week of JanuaryĮvercore ISI analyst Vijay Kumar upgraded Twist Bioscience from ‘in-line’ to 'outperform’ last week, raising its price target from $28 to $36. The synthetic DNA market is forecast to grow at a CAGR of 19.63% between 20 Evercore ISI ’s new price target on Twist Bioscience implies a 46% upside from the 9 January closing price This should give the stock a much-needed and timely boost as it prepares to start shipping gene products from its new production facility in Portland, Oregon later this month. The event is co-located with the Cyber Security & Cloud Expo.Įxplore other upcoming enterprise technology events and webinars powered by TechForge here.Twist Bioscience received a big analyst upgrade from Evercore ISI last week. Looking to revamp your digital transformation strategy? Learn more about Digital Transformation Week taking place in Amsterdam, California, and London. The companies promised an open financial data platform which will ‘enable seamless data democratisation, collaboration and new monetisation opportunities across the financial services ecosystem.’ Internal collaboration will come through a bespoke LSEG Workspace on Microsoft Teams offering, while enhanced Excel integration was also noted.ĭavid Schwimmer, the CEO of the London Stock Exchange Group – no, not that one – said: “Bringing together our leading data sets, analytics and global customer base with Microsoft’s comprehensive and trusted cloud services and global reach creates attractive revenue growth opportunities for both companies.”Īmong Microsoft’s other customer and partnership wins in the most recent quarter include Informatica, which has become an initial partner of Microsoft’s Intelligent Data Platform partner ecosystem, and Our Future Health, pitched as the UK’s largest-ever health research programme. LSEG’s technology infrastructure and data and analytics platforms – including Refinitiv platforms – will be migrated onto the Microsoft cloud. In terms of nuts and bolts, LSEG will utilise a wide part of the Microsoft enterprise collaboration suite. “LSEG has already started to address these issues for their customers, and through this strategic partnership, we will accelerate that transformation,” Microsoft added. LSEG has ‘differentiated itself in the market with an end-to-end proposition across trading, execution, data and analytics solutions,’ Microsoft noted.įirms across capital markets are facing an ‘increasingly complex operating environment’, Microsoft added, with traditional streams of revenue becoming ‘more challenging.’ A tech stack underpinned by cloud and AI technologies is therefore necessary to break down the old, siloed platforms and deliver the best client experience, insights and tools. Microsoft noted that with LSEG’s acquisition of data services provider Refinitiv, completed at the beginning of 2021, the company had its own impressive technological stack in terms of infrastructure and data. Microsoft has agreed to purchase an approximately 4% equity stake in LSEG through the acquisition of shares from the Blackstone/Thomson Reuters Consortium. ![]() The client comes on board for an undisclosed amount, the right noises are made around improving customer and end-user experience and productivity, and the vendor takes a seat on board. Seasoned cloud industry watchers will know how these sorts of strategic partnerships play out. Microsoft has announced a 10-year strategic partnership with the London Stock Exchange Group (LSEG) to put the financial markets providers’ infrastructure and data analytics onto the Microsoft cloud – and has acquired a 4% stake in the group in the process.
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