- Zacks has reiterated support for their initial $4.44 share price target for Pressure BioSciences
- PBIO’s fundamentals remain strong, with record sales of consumables and increased revenue from products and services over same quarter previous year
- Company anticipates doubling of total revenue in 2020, driven by anticipated sales of their proprietary BaroShear K45 System, which provides the CBD market with much-needed, superior water-soluble nanoemulsions of CBD Oil
Zacks Small Cap Research, a division of Zacks Investment Research, has announced that they are maintaining their strong $4.44 share price target originally stated in their initial coverage of Pressure BioSciences Inc. (OTCQB: PBIO), a leader in the sale and development of pressure-based consumables, instruments, and platform technology solutions to the global life sciences industry. PBIO’S unique and enabling pressure platform technologies can be used in many large and growing markets (e.g., food preservation, medical/lab applications, and, importantly, CBD oil water solubility).
The Zacks report (http://nnw.fm/4RMgj) points to demand that “is expected to accelerate starting in 2020,” which nonetheless follows many years of consistent yearly revenue increases by PBIO. The company itself is standing by its stated anticipation of doubling revenue in 2020, due to expected sales of their…
NOTE TO INVESTORS: The latest news and updates relating to PBIO are available in the company’s newsroom at http://nnw.fm/PBIO
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