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Biome (ASX:BIO) has released a three year revenue target on Monday, “up to $85M cumulative through the next three years.” Biome reported its last three year target for FY21-24 was an underestimate, given a 14% higher cumulative revenue over that period. The new target of “up to $85M” between FY25-FY27 is one 400% higher than the previous target. If the three year target released today, or three year targets in general, could be too long-term to rouse intense excitement, it was perhaps evident on Monday. Shares jumped 7% in the first hour of trade to 53cps. With that said, year to date returns …

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