Cathie Wood sees key holding Exact Sciences nearly tripling by 2027
Marco Bello

ARK Invest CEO Cathie Wood and her team have made yet another aggressive call about one of their key holdings, saying Thursday that Exact Sciences (NASDAQ:EXAS) can reach $140 per share by 2027.
For comparison, EXAS traded near $49 a share after dipping 0.2% in Thursday's early action. A rally to $140 would represent an increase of more than 190% from current levels.
âIn our base case, shares of Exact Sciences could compound at an average annual rate of 25%, reaching $140 by 2027," the team at ARK said, arguing that the cancer diagnostics company would benefit from its commercial scale, brand recognition, deep regulatory experience, payor relationships, industry and research partnerships, clinical evidence and technology platform.
Of Cathie Woodâs six actively managed exchange traded funds, EXAS is held by two of them. Woodâs flagship ARK Innovation ETF (NYSEARCA:ARKK) lists EXAS as the fund's second largest holding, with a weighting of 8.32%. Meanwhile, ARK Genomic Revolution ETF (BATS:ARKG) has an even larger concentration in Exact Sciences. EXAS represents the fund's top holding with a 11.42% weighting.
Looking more broadly, EXAS is held by a total of 106 exchange traded funds and ARKG and ARKK represent the two funds with the heaviest weightings toward the stock. The next highest concentration outside the ARK family appears in First Trust NYSE Arca Biotechnology Index ETF (NYSEARCA:FBT), which has a 4.45% allocation.
Wood's bullish call comes after two consecutive bad years for EXAS shares. In 2021, the stock dropped by 39.3% and in 2022, it declined another 36.4%.
Wood is no stranger to big calls on her key holdings. She previously placed a price target on Zoom Video Communications (ZM) at $1,500 by 2026. That stock is currently trading below $66.
The innovation-focused investor also said Roku (ROKU) can hit $605 a share by 2026 and Tesla (TSLA) can touch $3,000 by 2025. Those stocks currently trade at around $42 and $107, respectively.
Outside of stocks held by her funds, one of Woodâs most high-profile calls involved Bitcoin (BTC-USD), which she predicted will hit $1M by 2030.
Daily price action: ARKK -2.6%, ARKG -1.1%, FBT -0.5%.
For further information on this bullish call, see Arkâs complete analysis on Exact Sciences.