Berkeley Lights still 'meaningfully oversold,' says BTIG 14:16 BLI BTIG analyst Mark Massaro notes Berkeley Lights delivered a "solid" pre-announced Q3 beat, which appears to be sending at least one short investor to the exits, as the stock is up 14% on the news. The analyst "applauds management's decision to pre-announce," reinforcing the fact that Berkeley Lights continues to sign new customers and is also executing on its newer subscription offering. Following the pre-announcement and after speaking with management, Massaro continues to believe that shares of Berkeley Lights are "meaningfully oversold" even with Tuesday's bounce, as shares are down 80% from its peak in December despite solid operational execution. The analyst has a Buy rating and a price target of $65 on the shares.