UK's Oxford Nanopore falls on slower revenue growth outlook; Berenberg cuts target

Oxford Nanopore Technologies

02/03/2026 08:42

** Shares of Oxford Nanopore Technologies ONT.L down around 10.5% at 119.1p

** Co guides FY26 revenue growth of 21-25% constant currency, below prior target of more than 30% CC CAGR (FY24-FY27)

** Berenberg cuts PT to 230p from 250p, keeps "buy" rating

** Says path to profitability remains on track; EBITDA breakeven target for FY27 unchanged

** YTD, stock down about 7%

(Reporting by Judes Joseph in Bengaluru)

((judes.joseph@thomsonreuters.com;))