Deep Dive Into Illumina Stock: Analyst Perspectives (9 Ratings)
Portfolio Pulse from Benzinga Insights
Nine analysts have recently rated Illumina (NASDAQ:ILMN), with a mix of bullish to bearish sentiments. The average 12-month price target is now $168.11, a 13.79% decrease from the previous $195.00 target. Analysts from firms like RBC Capital, Guggenheim, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Illumina specializes in genetic analysis tools and services, with the majority of its revenue from sequencing. Despite positive revenue growth, the company's market capitalization, net margin, ROE, and ROA are below industry benchmarks, although it has a healthy debt-to-equity ratio.
January 04, 2024 | 12:00 pm
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NEUTRAL IMPACT
Illumina has received mixed analyst ratings with a lowered average price target of $168.11. The company's financial performance shows positive revenue growth but lags in profitability and market capitalization metrics.
The mixed analyst ratings and lowered price target suggest uncertainty, which could lead to a neutral short-term impact on Illumina's stock price. The company's solid revenue growth is positive, but concerns about profitability and market cap may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100