Illumina (ILMN) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Illumina in the last year. There are currently 3 sell ratings, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research 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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17 brokers have issued 12 month price targets for Illumina's stock. Their ILMN share price forecasts range from $100.00 to $350.00. On average, they expect the company's stock price to reach $222.85 in the next year. This suggests a possible upside of 62.3% from the stock's current price.
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Illumina's stock was trading at $202.20 at the beginning of 2023. Since then, ILMN stock has decreased by 32.1% and is now trading at $137.28.
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Illumina saw a increase in short interest in 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 trading 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 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.30. The life sciences company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Illumina had a negative net margin of 93.86% and a positive trailing twelve-month return on equity of 1.97%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share.
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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 guidance of $0.75-$0.90 for the period, compared to the consensus earnings per share 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."

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 $137.28.

Illumina (NASDAQ:ILMN) has a market capitalization of $21.73 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.