Illumina (ILMN) Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Illumina in the last year. There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ILMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ILMN, but not buy additional shares or sell existing shares.
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16 brokers have issued 12 month target prices for Illumina's shares. Their ILMN share price forecasts range from $150.00 to $350.00. On average, they anticipate the company's stock price to reach $236.05 in the next year. This suggests a possible upside of 79.5% from the stock's current price.
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Illumina's stock was trading at $202.20 at the beginning of the year. Since then, ILMN shares have decreased by 35.0% and is now trading at $131.50.
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Illumina saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,950,000 shares, an increase of 5.5% from the August 31st total of 5,640,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is currently 3.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Illumina, Inc. (NASDAQ:ILMN) announced its earnings results on Wednesday, August, 9th. The life sciences company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.30. The life sciences company earned $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Illumina had a positive trailing twelve-month return on equity of 1.97% and a negative net margin of 93.86%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS.
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ETFs with the largest weight of Illumina (NASDAQ:ILMN) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Invesco Biotechnology & Genome ETF (PBE), Global X Genomics & Biotechnology ETF (GNOM), VanEck Biotech ETF (BBH), Global X Telemedicine & Digital Health ETF (EDOC), First Trust NYSE Arca Biotechnology Index Fund (FBT), iShares Biotechnology ETF (IBB) and Invesco Nasdaq Biotechnology ETF (IBBQ).

Illumina issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $0.75-$0.90 for the period, compared to the consensus EPS estimate of $1.31. The company issued revenue guidance of $4.63 billion-$4.63 billion, compared to the consensus revenue estimate of $4.91 billion.

496 employees have rated Illumina Chief Executive Officer Francis deSouza on Glassdoor.com. Francis deSouza has an approval rating of 92% among the company's employees. This puts Francis deSouza in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Illumina investors own include NVIDIA (NVDA), Alibaba Group (BABA), Tesla (TSLA), Netflix (NFLX), Walt Disney (DIS), PayPal (PYPL), Salesforce (CRM), Adobe (ADBE), Visa (V) and Micron Technology (MU).

Illumina trades on the NASDAQ under the ticker symbol "ILMN."

Illumina's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (8.84%), Geode Capital Management LLC (2.20%), Bank of New York Mellon Corp (2.17%), Alliancebernstein L.P. (1.98%), Northern Trust Corp (1.08%) and Veritas Asset Management LLP (0.96%). Insiders that own company stock include Aimee L Hoyt, Alexander Aravanis, Charles Dadswell, Francis A Desouza, Jay T Flatley, Karen K Mcginnis, Mostafa Ronaghi, Phillip G Febbo, Susan H Tousi and Susan H Tousi.
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Shares of ILMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ILMN stock can currently be purchased for approximately $131.50.

Illumina (NASDAQ:ILMN) has a market capitalization of $20.82 billion and generates $4.58 billion in revenue each year. The life sciences company earns $-4,404,000,000.00 in net income (profit) each year or ($26.61) on an earnings per share basis.

The company employs 10,260 workers across the globe.

Illumina's mailing address is 200 ILLUMINA WAY, SAN DIEGO CA, 92122. The official website for the company is www.illumina.com. The life sciences company can be reached via phone at (858) 202-4500, via email at ir@illumina.com, or via fax at 858-202-4766.