UBS AG upgraded shares of Illumina (NASDAQ: ILMN) from a neutral rating to a buy rating in a research note released on Friday morning. They currently have $61.00 price target on the stock, up from their previous price target of $56.00.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Illumina to $59.00 in a research note to investors on Tuesday, January 29th. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Illumina from $45.00 to $48.00 in a research note to investors on Tuesday, January 29th. They now have a hold rating on the stock. Finally, analysts at Cowen reiterated an outperform rating on shares of Illumina in a research note to investors on Tuesday, January 29th.
Ten research analysts have rated the stock with a buy rating, fourteen have issued a hold rating, and one has issued an underweight rating to the company’s stock. Illumina has a consensus rating of overweight and an average price target of $55.00.
Shares of Illumina traded up 0.74% during mid-day trading on Friday, hitting $53.04. Illumina has a 52 week low of $37.77 and a 52 week high of $57.00. The stock’s 50-day moving average is currently $50.49. The company has a market cap of $6.579 billion and a P/E ratio of 46.59.
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