Pacific Biosciences of California - PACB Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pacific Biosciences of California in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PACB shares.
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6 analysts have issued 12-month price objectives for Pacific Biosciences of California's shares. Their PACB share price forecasts range from $8.00 to $40.00. On average, they anticipate the company's share price to reach $15.71 in the next year. This suggests a possible upside of 35.7% from the stock's current price.
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Pacific Biosciences of California's stock was trading at $8.18 at the start of the year. Since then, PACB stock has increased by 41.6% and is now trading at $11.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Pacific Biosciences of California will be holding an earnings conference call on Thursday, February 16th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Pacific Biosciences of California, Inc. (NASDAQ:PACB) posted its earnings results on Monday, November, 7th. The biotechnology company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.03. The biotechnology company earned $32.31 million during the quarter, compared to analyst estimates of $35.30 million. Pacific Biosciences of California had a negative net margin of 218.44% and a negative trailing twelve-month return on equity of 42.03%.

Pacific Biosciences of California issued an update on its fourth quarter 2022 earnings guidance on Monday, January, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $27.30 million-$27.30 million, compared to the consensus revenue estimate of $27.88 million.

2 employees have rated Pacific Biosciences of California Chief Executive Officer Christian Henry on Glassdoor.com. Christian Henry has an approval rating of 100% among the company's employees. This puts Christian Henry in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pacific Biosciences of California investors own include Pfizer (PFE), Gilead Sciences (GILD), Illumina (ILMN), Novavax (NVAX), Advanced Micro Devices (AMD), AT&T (T), Inovio Pharmaceuticals (INO), NVIDIA (NVDA), Invitae (NVTA) and Tesla (TSLA).

Pacific Biosciences of California trades on the NASDAQ under the ticker symbol "PACB."

Pacific Biosciences of California's stock is owned by a variety of retail and institutional investors. Top institutional investors include ARK Investment Management LLC (11.36%), Sumitomo Mitsui Trust Holdings Inc. (6.27%), Bourne Lent Asset Management Inc. (0.26%), Simplex Trading LLC (0.00%), State of New Jersey Common Pension Fund D (0.10%) and New York State Common Retirement Fund (0.08%). Insiders that own company stock include Christian O Henry, Eric Schaefer, James Michael Phillips, Kathy Ordonez, Lucy Shapiro, Michael Hunkapiller, Oene Mark Van, Peter Fromen, Susan G Kim, Susan K Barnes and William W Ericson.
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Shares of PACB 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 PACB stock can currently be purchased for approximately $11.58.

Pacific Biosciences of California (NASDAQ:PACB) has a market capitalization of $2.62 billion and generates $130.51 million in revenue each year. The biotechnology company earns $-181,220,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis.

The company employs 728 workers across the globe.

Pacific Biosciences of California's mailing address is 1305 O`BRIEN DRIVE, MENLO PARK CA, 94025. The official website for the company is www.pacb.com. The biotechnology company can be reached via phone at (650) 521-8000, via email at ir@pacb.com, or via fax at 302-636-5454.