ARK Investment Management Sees Potential in Exact Sciences for Long-Term Growth\n\nARK Investment Management, a prominent investment firm known for its focus on disruptive technologies, has set its sights on biotech company Exact Sciences (NASDAQ:EXAS). Led by founder Cathie Wood, ARK has gained attention for its early investments in successful companies like Tesla and Nvidia. After a challenging 2022, ARK’s Innovation ETF has rebounded with a 55% return so far this year, outperforming the S&P 500. This success has been driven by strong performances from companies like Coinbase Global, Roku, and UiPath. Wood believes that Exact Sciences has significant potential for long-term growth, with a projected upside of 115% by 2027.\n\nExact Sciences is a leader in cancer detection, offering the industry standard Cologuard screening test for colon cancer. With over 13 million tests completed to date, the company has a strong track record in early detection. Recent policy changes by insurers and Medicare have made the test more accessible to patients, potentially increasing demand. Additionally, Exact Sciences has developed a next-generation test, Cologuard 2.0, which has shown even more accurate results in clinical trials. The company has also expanded into multi-cancer early detection and genetic testing, providing physicians with valuable insights for personalized treatment plans.\n\nAfter facing challenges in recent years, Exact Sciences has shown strong financial performance in the third quarter of 2021. Revenue increased by 20% year over year, and the company swung to a profit while generating positive cash flow. Management has also raised full-year guidance, indicating a positive outlook for the company’s future.\n\nARK’s valuation model for Exact Sciences predicts a potential upside of 115% by 2027, compared to just 40% for the S&P 500. While this may seem ambitious, Wood and her team have a track record of successful investments in disruptive technologies.\n\nIn a ARK Investment Management has identified Exact Sciences as a promising company with significant potential for growth in the coming years.