Stifel analyst Daniel Arias maintains $Illumina (ILMN.US)$ with a buy rating, and maintains the target price at $160.
According to TipRanks data, the analyst has a success rate of 40.6% and a total average return of -8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Illumina (ILMN.US)$'s main analysts recently are as follows:
Post-Q3 report observations highlight that despite Illumina's Q4 revenue projection being marginally below consensus, the positive outlook is sustained owing to the company's prospects for margin growth and management's emphasis on operational leverage.
The firm notes that the solid quarter-over-quarter NSX consumables growth is indicative of sustained demand for the 25B flowcell.
The company exhibited a robust third quarter, bolstered by the strength in sequencing consumables, and is laying the groundwork for a sustained period of double-digit growth in earnings and an uptick in revenue, according to an analyst.
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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