Quest Diagnostics partners with Google Cloud for data management, analytics, and personalized health insights.

From Nasdaq: 2025-03-21 08:19:00

Quest Diagnostics Inc. announced a collaboration with Google Cloud to enhance data management and analytics for a personalized experience. The partnership aims to strengthen Quest Diagnostics’ hybrid cloud strategy, boosting productivity and service quality. Following the news, DGX stock fell 0.6% but is expected to benefit from the partnership’s AI and automation technologies.

As part of the collaboration, Quest Diagnostics will utilize Google Cloud’s data analytics and gen AI technologies, enhancing operations like R&D and customer experience. The partnership will focus on improving patient engagement and empowering physicians with personalized health insights. Quest Diagnostics has managed over 200 million test requisitions and 80 billion data points, ensuring data privacy and security.

Industry prospects favor DGX as the global AI data management market is projected to grow at a compound annual rate of 22.7% through 2030. Quest Diagnostics recently acquired assets of Fresenius Medical Care’s Spectra Laboratories, expanding its specialized services. In the past year, DGX shares have outperformed the industry, with a 29.2% increase.

Boston Scientific and Insulet are better-ranked stocks in the medical space, each carrying a Zacks Rank #2 (Buy). Boston Scientific’s shares have surged 50.3% in the past year, while Insulet’s earnings per share estimates have increased by 9.9% for 2025. The companies have consistently beaten earnings estimates, showing strong performance in the market.

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Read more at Nasdaq: DGX Stock Set to Benefit From New Google Cloud Partnership