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Illumina (ILMN) Stock Forecast & Price Target

$106.58
+0.10 (+0.09%)
(As of 09:01 AM ET)

Illumina - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 20 Analyst Ratings

Consensus Price Target

$164.65
54.48% Upside
High Forecast$253.00
Average Forecast$164.65
Low Forecast$100.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
Hold
10 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$164.65$167.70$166.95$249.68
Forecasted Upside54.48% Upside23.58% Upside22.27% Upside18.14% Upside
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ILMN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ILMN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Illumina Stock vs. The Competition

TypeIlluminaMedical CompaniesS&P 500
Consensus Rating Score
2.30
2.70
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside54.63% Upside835.22% Upside9.93% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/7/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$170.00+46.36%
5/6/2024Scotiabank
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 Lower TargetSector Outperform ➝ Sector Outperform$185.00 ➝ $176.00+48.26%
5/3/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$125.00 ➝ $128.00+3.23%
4/10/2024Barclays
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 Boost TargetUnderweight ➝ Underweight$85.00 ➝ $100.00-23.47%
4/9/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$253.00+88.03%
3/20/2024OTR Global
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 Reiterated RatingPositive ➝ Mixed
1/16/2024HSBC
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 DowngradeBuy ➝ Hold
1/4/2024TD Cowen
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 DowngradeOutperform ➝ Market Perform$144.00+10.48%
12/15/2023Sanford C. Bernstein
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 UpgradeUnderperform ➝ Market Perform
12/14/2023Guggenheim
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 Initiated CoverageBuy$155.00+22.37%
12/13/2023Wolfe Research
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 Initiated CoverageOutperform$175.00+48.76%
12/12/2023Bank of America
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 DowngradeNeutral ➝ Underperform$140.00 ➝ $100.00-14.99%
12/11/2023Citigroup
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 UpgradeSell ➝ Neutral$85.00 ➝ $120.00+6.25%
11/13/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$200.00 ➝ $190.00+104.76%
11/10/2023Canaccord Genuity Group
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 Reiterated RatingBuy ➝ Hold$210.00 ➝ $120.00+22.17%
10/12/2023Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$200.00+49.91%
9/1/2023Evercore ISI
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 Reiterated RatingOutperform ➝ Outperform$240.00+42.47%
8/10/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$235.00 ➝ $190.00+2.16%
8/10/2023Credit Suisse Group
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 Lower TargetNeutral ➝ Neutral$225.00 ➝ $200.00+8.41%
8/8/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$240.00 ➝ $230.00+25.10%
2/8/2023SVB Leerink
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P. Souda
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Boost TargetOutperform$249.00 ➝ $250.00+15.88%
1/25/2023Argus
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 DowngradeBuy ➝ Hold
1/10/2023Cowen
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 Lower Target$350.00 ➝ $296.00+42.78%
11/7/2022Morgan Stanley
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 Lower TargetEqual Weight$240.00 ➝ $225.00+3.19%
11/4/2022Cowen
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 Boost Target$327.00 ➝ $350.00+65.15%
8/15/2022Atlantic Securities
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 Lower Target$190.00-16.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:49 AM ET.

ILMN Frequently Asked Questions

What is Illumina's stock forecast and purchase recommendation?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Illumina is $164.65, with a high forecast of $253.00 and a low forecast of $100.00. The consensus rating for Illumina stock is Hold based on the current 2 sell ratings, 10 hold ratings and 8 buy ratings for ILMN. Learn more on ILMN's analyst rating history.

Do Wall Street analysts like Illumina more than its competitors?

Analysts like Illumina less than other "medical" companies. The consensus rating for Illumina is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how ILMN compares to other companies.

Does Illumina's stock price have much upside?

According to analysts, Illumina's stock has a predicted upside of 24.32% based on their 12-month stock forecasts.

What analysts cover Illumina?

Illumina has been rated by research analysts at Barclays, OTR Global, Robert W. Baird, Royal Bank of Canada, Scotiabank, and Stephens in the past 90 days.


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This page (NASDAQ:ILMN) was last updated on 5/28/2024 by MarketBeat.com Staff

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