Craig-Hallum cuts PHAT target to $15 from $20 on slower Voquezna script growth

On October 21, 2026, analyst Chase Knickerbocker cut Craig-Hallum’s target to $15 from $20, maintaining Buy. Third-party Voquezna script data indicated modestly slower-than-modeled Q3 volume growth; the firm moderated H2 2026 revenue estimates and carried slower momentum into FY2027. PHAT fell 3.83% that day, closing at $7.03.