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A Quick Look at Today's Ratings for Illumina(ILMN.US), With a Forecast Between $177 to $254

Futu News ·  Nov 5 21:00  · Ratings

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:

StockTodayLatestRating_nn_205748_20241105_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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