On Nov 05, major Wall Street analysts update their ratings for $Illumina (ILMN.US)$, with price targets ranging from $177 to $254.
Citi analyst Patrick B Donnelly maintains with a buy rating, and adjusts the target price from $155 to $190.
TD Cowen analyst Daniel Brennan maintains with a buy rating, and adjusts the target price from $144 to $177.
RBC Capital analyst Conor McNamara maintains with a buy rating, and adjusts the target price from $252 to $254.
Piper Sandler analyst David Westenberg maintains with a buy rating, and maintains the target price at $195.
Furthermore, according to the comprehensive report, the opinions of $Illumina (ILMN.US)$'s main analysts recently are as follows:
The company's Q4 revenue guidance was marginally below consensus, yet the outlook remains positive due to Illumina's potential for margin expansion and management's emphasis on operational leverage.
The firm notes that the solid quarter-over-quarter NSX consumables growth indicates an ongoing demand for the 25B flowcell.
Illumina delivered a third-quarter performance that surpassed expectations, with its Service segment leading the way, even though there was a shortfall in X placements. Margins on gross profit and EBIT showed substantial outperformance. The forecast for 2024 was slightly reduced, while the projections for EPS were adjusted upwards.
Here are the latest investment ratings and price targets for $Illumina (ILMN.US)$ from 4 analysts:
Note:
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