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10x Genomics (TXG) Stock Forecast & Price Target

$22.70
+0.11 (+0.49%)
(As of 05/28/2024 ET)

10x Genomics - 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

Moderate Buy
Based on 12 Analyst Ratings

Consensus Price Target

$48.50
113.66% Upside
High Forecast$75.00
Average Forecast$48.50
Low Forecast$26.00
TypeCurrent Forecast
5/30/23 to 5/29/24
1 Month Ago
4/30/23 to 4/29/24
3 Months Ago
3/1/23 to 2/29/24
1 Year Ago
5/30/22 to 5/30/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
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
3 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$48.50$58.00$62.44$54.85
Forecasted Upside113.66% Upside28.98% Upside24.54% Upside22.31% Upside
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TXG 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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TXG 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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10x Genomics Stock vs. The Competition

Type10x GenomicsMedical CompaniesS&P 500
Consensus Rating Score
2.58
2.70
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside113.66% Upside725.01% Upside10.81% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/1/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$52.00 ➝ $30.00+11.69%
5/1/2024The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$30.00 ➝ $26.00-2.77%
5/1/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$45.00 ➝ $36.00+34.63%
5/1/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$63.00 ➝ $53.00+81.01%
5/1/2024TD Cowen
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 DowngradeBuy ➝ Hold$57.00 ➝ $32.00+9.29%
4/29/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$65.00 ➝ $50.00+74.46%
4/18/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$60.00 ➝ $55.00+88.61%
4/10/2024Barclays
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 Lower TargetOverweight ➝ Overweight$55.00 ➝ $45.00+27.51%
12/14/2023Guggenheim
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 Initiated CoverageBuy$60.00+17.19%
12/13/2023Wolfe Research
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 Initiated CoverageOutperform$55.00+13.08%
8/7/2023Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$65.00+18.20%
8/4/2023Citigroup
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 Boost TargetBuy ➝ Buy$65.00 ➝ $75.00+28.23%
3/30/2023Stephens
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 Initiated CoverageOverweight$65.00+24.88%
2/16/2023Cowen
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 Boost TargetOutperform$52.00 ➝ $57.00+23.19%
11/3/2022JPMorgan Chase & Co.
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 Lower Target$65.00 ➝ $55.00+104.31%
8/15/2022Cowen
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 Boost Target$55.00+15.59%
7/15/2022William Blair
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B. Weinstein
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DowngradeOutperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:24 AM ET.

TXG Frequently Asked Questions

What is 10x Genomics's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for 10x Genomics is $48.50, with a high forecast of $75.00 and a low forecast of $26.00. The consensus rating for 10x Genomics stock is Moderate Buy based on the current 1 sell rating, 3 hold ratings and 8 buy ratings for TXG. Learn more on TXG's analyst rating history.

Do Wall Street analysts like 10x Genomics more than its competitors?

Analysts like 10x Genomics less than other "medical" companies. The consensus rating score for 10x Genomics is 2.58 while the average consensus rating score for "medical" companies is 2.70. Learn more on how TXG compares to other companies.

Is 10x Genomics being downgraded by Wall Street analysts?

Over the previous 90 days, 10x Genomics's stock had 1 downgrade by analysts.

Does 10x Genomics's stock price have much upside?

According to analysts, 10x Genomics's stock has a predicted upside of 30.69% based on their 12-month stock forecasts.

What analysts cover 10x Genomics?

10x Genomics has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Deutsche Bank Aktiengesellschaft, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, and UBS Group in the past 90 days.


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This page (NASDAQ:TXG) was last updated on 5/29/2024 by MarketBeat.com Staff

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