10x Genomics (TXG) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 10x Genomics in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TXG shares.
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9 Wall Street research analysts have issued 1-year target prices for 10x Genomics' stock. Their TXG share price forecasts range from $25.00 to $75.00. On average, they anticipate the company's stock price to reach $58.73 in the next twelve months. This suggests a possible upside of 42.0% from the stock's current price.
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10x Genomics' stock was trading at $36.44 at the beginning of the year. Since then, TXG stock has increased by 13.5% and is now trading at $41.35.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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10x Genomics, Inc. (NASDAQ:TXG) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by $0.14. The business earned $146.82 million during the quarter, compared to analysts' expectations of $139.97 million. 10x Genomics had a negative trailing twelve-month return on equity of 21.69% and a negative net margin of 30.31%. 10x Genomics's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.57) EPS.

ETFs with the largest weight of 10x Genomics (NASDAQ:TXG) stock in their portfolio include Global X Genomics & Biotechnology ETF (GNOM), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), ARK Genomic Revolution ETF (ARKG), Fidelity Disruptive Medicine ETF (FMED), ARK Innovation ETF (ARKK), BNY Mellon Innovators ETF (BKIV), Invesco Dorsey Wright Healthcare Momentum ETF (PTH) and Principal Healthcare Innovators ETF (BTEC).

10x Genomics updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $600.00 million-$620.00 million, compared to the consensus revenue estimate of $600.73 million.

25 employees have rated 10x Genomics Chief Executive Officer Serge Saxonov on Glassdoor.com. Serge Saxonov has an approval rating of 100% among the company's employees. This puts Serge Saxonov in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

(TXG) raised $297 million in an IPO on Thursday, September 12th 2019. The company issued 9,000,000 shares at a price of $31.00-$35.00 per share. J.P. Morgan, Goldman Sachs and BofA Merrill Lynch served as the underwriters for the IPO and Cowen was co-manager.

10x Genomics trades on the NASDAQ under the ticker symbol "TXG."

10x Genomics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (7.32%), BlackRock Inc. (4.65%), Sands Capital Management LLC (3.55%), ARK Investment Management LLC (2.68%), Brown Capital Management LLC (2.65%) and SRS Investment Management LLC (1.87%). Insiders that own company stock include Benjamin J Hindson, Benjamin J Hindson, Bradford Crutchfield, James Wilbur, John R Stuelpnagel, John R Stuelpnagel, Justin J Mcanear, Justin J Mcanear, Mathai Mammen, Serge Saxonov and Sridhar Kosaraju.
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Shares of TXG 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 TXG stock can currently be purchased for approximately $41.35.

10x Genomics (NASDAQ:TXG) has a market capitalization of $4.86 billion and generates $516.41 million in revenue each year. The company earns $-166,000,000.00 in net income (profit) each year or ($1.49) on an earnings per share basis.

The company employs 1,243 workers across the globe.

10x Genomics' mailing address is 6230 STONERIDGE MALL ROAD, PLEASANTON CA, 94588. The official website for the company is www.10xgenomics.com. The company can be reached via phone at 925-401-7300 or via email at investors@10xgenomics.com.