Leerink Partners analyst Puneet Souda maintained a Buy rating on Illumina (ILMN) today and set a price target of $360.00. The company’s shares closed last Friday at $345.30.
According to TipRanks.com, Souda is a 5-star analyst with an average return of 26.2% and a 69.5% success rate. Souda covers the Healthcare sector, focusing on stocks such as Castle Biosciences, Guardant Health, and Exact Sciences.
Currently, the analyst consensus on Illumina is a Hold with an average price target of $361.88.
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Illumina’s market cap is currently $58.7B and has a P/E ratio of 63.10. The company has a Price to Book ratio of 16.04.
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Illumina, Inc. engages in the development, manufacturing, and marketing of life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina segment, which serves customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. The firm’s products include microarray scanners, sequencing reagents, and onsite training selector. Its services include sequencing and microarray services; proactive instrument monitoring; and instrument services, training, and consulting. The company was founded by David R. Walt, John R. Stuelpnagel, Anthony W. Czarnik, Lawrence A. Bock, and Mark S. Chee in April 1998 and is headquartered in San Diego, CA.
