Scotiabank analyst Sung Ji Nam maintains $Illumina (ILMN.US)$ with a buy rating, and maintains the target price at $164.
According to TipRanks data, the analyst has a success rate of 49.0% and a total average return of -0.4% over the past year.
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. Nevertheless, there is a positive outlook on the company's prospects considering its potential for margin expansion and management's commitment to operational leverage.
The firm notes that the solid quarter-over-quarter NSX consumables growth indicates sustained demand for the 25B flowcell.
Following Illumina's third-quarter update, which revealed revenue figures approximately in line with consensus alongside margin and EPS that exceeded expectations, adjustments were made to the financial model.
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.
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