Illumina price targets raised to $210 by Leerink, $190 by Canaccord

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Key Highlights

Leerink Partners analyst Puneet Souda maintained an Outperform rating on Illumina, raising the price target to $210 from $175. Canaccord Genuity analyst Kyle Mikson kept a Hold rating while increasing the price target to $190 from $140.

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Leerink Partners analyst Puneet Souda has maintained an Outperform rating on Illumina and raised the price target to $210 from $175. Separately, Canaccord Genuity analyst Kyle Mikson maintained a Hold rating and increased the price target to $190 from $140. These adjustments signal revised valuation outlooks for the company's shares.

Rating and Price Targets

Leerink Partners retained its positive stance, indicating potential upside based on the updated financial model. Canaccord Genuity kept a neutral view, suggesting a balanced risk-reward profile at the new price level.

Firm Analyst Rating Previous Price Target New Price Target
Leerink Partners Puneet Souda Outperform $175 $210
Canaccord Genuity Kyle Mikson Hold $140 $190

Illumina is listed on the NASDAQ under the ticker symbol ILMN.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors drove Leerink Partners to raise the price target significantly more than Canaccord Genuity?

How might Illumina's upcoming product launches influence the divergence in analyst ratings?

What are the key risks that could prevent Illumina from reaching the new price targets?

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Evercore ISI raises Illumina target to $200

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Reviewed by
Radhika SScanX News Team
Key Highlights

Evercore ISI Group analyst Vijay Kumar maintained an Outperform rating on Illumina and raised the price target to $200 from $155, reflecting confidence in the genomics firm's growth. This move aligns with similar bullish sentiment from Piper Sandler and Guggenheim, both of which also have a $200 price target, while Bernstein holds a Market Perform rating at $185.

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Evercore ISI Group analyst Vijay Kumar has maintained an Outperform rating on Illumina (NASDAQ: ILMN) and raised the price target to $200 from $155. The adjustment signals increased confidence in the genomics company's valuation and growth trajectory.

Illumina specializes in providing tools and systems for genetic analysis within the genomics sector. The new price target of $200 offers investors a revised benchmark for assessing the stock's potential upside against current trading levels.

This update follows a separate rating action by Piper Sandler analyst David Westenberg, who maintained an Overweight rating with a price target of $200. Additionally, Guggenheim analyst Subbu Nambi has a Buy rating with a price target of $200, while Bernstein analyst Eve Burstein assigned a Market Perform rating with a price target of $185.

Firm Analyst Rating Price Target
Evercore ISI Group Vijay Kumar Outperform $200
Piper Sandler David Westenberg Overweight $200
Guggenheim Subbu Nambi Buy $200
Bernstein Eve Burstein Market Perform $185
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific catalysts does Evercore ISI anticipate will drive Illumina's stock to the new $200 price target?

How might the consensus among multiple analysts at the $200 level influence institutional investor sentiment toward Illumina?

What impact could recent advancements in genetic analysis technology have on Illumina's competitive positioning?

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