Illumina (ILMN) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Illumina in the last twelve months. There are currently 2 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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16 Wall Street research analysts have issued 12 month price targets for Illumina's stock. Their ILMN share price forecasts range from $150.00 to $350.00. On average, they predict the company's share price to reach $253.70 in the next twelve months. This suggests a possible upside of 25.1% from the stock's current price.
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Illumina's stock was trading at $202.20 at the start of the year. Since then, ILMN stock has increased by 0.3% and is now trading at $202.72.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Illumina, Inc. (NASDAQ:ILMN) issued its earnings results on Tuesday, April, 25th. The life sciences company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The life sciences company earned $1.09 billion during the quarter, compared to analysts' expectations of $1.07 billion. Illumina had a positive trailing twelve-month return on equity of 2.26% and a negative net margin of 100.92%. Illumina's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the business posted $1.07 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), VanEck Biotech ETF (BBH), Global X Telemedicine & Digital Health ETF (EDOC), Global X Genomics & Biotechnology ETF (GNOM), First Trust NYSE Arca Biotechnology Index Fund (FBT), Invesco Nasdaq Biotechnology ETF (IBBQ), iShares Biotechnology ETF (IBB) and Goldman Sachs Future Health Care Equity ETF (GDOC).

Illumina updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $1.25-$1.50 for the period, compared to the consensus earnings per share estimate of $1.41. The company issued revenue guidance of $4.91 billion-$5.04 billion, compared to the consensus revenue estimate of $4.93 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (9.54%), Geode Capital Management LLC (1.85%), Select Equity Group L.P. (1.01%), Veritas Asset Management LLP (0.98%), Ownership Capital B.V. (0.69%) and Harding Loevner LP (0.69%). Insiders that own company stock include Aimee L Hoyt, Alexander Aravanis, Charles Dadswell, Francis A Desouza, Francis A Desouza, Jay T Flatley, Karen K Mcginnis, Mostafa Ronaghi, Oene Mark Van, Phillip G Febbo, Robert P Ragusa, 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 $202.72.

Illumina (NASDAQ:ILMN) has a market capitalization of $32.05 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 ($28.53) 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.