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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for 10x Genomics in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TXG shares.
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8 Wall Street analysts have issued 1 year price objectives for 10x Genomics' stock. Their TXG share price targets range from $45.00 to $75.00. On average, they expect the company's share price to reach $60.88 in the next twelve months. This suggests a possible upside of 85.3% from the stock's current price.
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10x Genomics' stock was trading at $55.96 at the beginning of the year. Since then, TXG stock has decreased by 41.3% and is now trading at $32.86.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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10x Genomics will be holding an earnings conference call on Tuesday, April 30th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

10x Genomics, Inc. (NASDAQ:TXG) released its quarterly earnings data on Thursday, February, 15th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of ($0.36) by $0.05. The business earned $183.98 million during the quarter, compared to analyst estimates of $182.73 million. 10x Genomics had a negative trailing twelve-month return on equity of 28.82% and a negative net margin of 41.17%. The company's quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share.

ETFs with the largest weight of 10x Genomics (NASDAQ:TXG) stock in their portfolio include Sprott Junior Gold Miners ETF (SGDJ), ARK Genomic Revolution ETF (ARKG), Global X Genomics & Biotechnology ETF (GNOM), Sprott Gold Miners ETF (SGDM), U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), ARK Innovation ETF (ARKK), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG) and Fidelity Disruptive Medicine ETF (FMED).

10x Genomics issued an update on its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $670.0 million-$690.0 million, compared to the consensus revenue estimate of $702.1 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.

10x Genomics (TXG) raised $297 million in an initial public offering (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 acted as the underwriters for the IPO and Cowen was co-manager.

10x Genomics' stock is owned by many different institutional and retail investors. Top institutional investors include Banque Cantonale Vaudoise (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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