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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pacific Biosciences of California in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PACB shares.
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5 brokers have issued 1 year price targets for Pacific Biosciences of California's stock. Their PACB share price forecasts range from $8.00 to $40.00. On average, they predict the company's stock price to reach $16.17 in the next year. This suggests a possible upside of 36.7% 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 44.6% and is now trading at $11.83.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Pacific Biosciences of California, Inc. (NASDAQ:PACB) released its quarterly earnings results on Monday, November, 7th. The biotechnology company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.03. The biotechnology company had revenue of $32.31 million for the quarter, compared to the consensus estimate 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 many different institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (11.36%), Bourne Lent Asset Management Inc. (0.26%), Abacus Planning Group Inc. (0.05%), Archford Capital Strategies LLC (0.03%), Clear Harbor Asset Management LLC (0.02%) and Strs Ohio (0.01%). 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 $11.83.

Pacific Biosciences of California (NASDAQ:PACB) has a market capitalization of $2.67 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.