Illumina Secures CMS Reimbursement for TruSight Oncology Test at $2,989.55
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: Benzinga
- Reimbursement Impact: Illumina's TruSight Oncology Comprehensive test has secured CMS reimbursement at $2,989.55 per test, effective January 1, 2026, which is expected to significantly enhance the adoption of this test in the U.S. healthcare system, thereby increasing the company's market share in precision oncology.
- Genomic Testing Advantage: The test assesses over 500 genes to provide clinically actionable results for treatment decisions, anticipated to enable more laboratories to deliver precision oncology diagnostics, addressing the growing market demand.
- Stock Performance: Illumina shares are currently priced at $145.22, trading 2.65% above the 12-month moving average, reflecting a positive market trend with a 2.9% increase over the past year, indicating investor confidence in the company's future growth potential.
- Analyst Ratings: Despite a premium P/E ratio of 31.8x indicating high valuation, analysts expect a 28% earnings growth to justify this valuation, with recent target price increases from firms like TD Cowen and Guggenheim reflecting optimistic market sentiment towards Illumina.
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Analyst Views on ILMN
Wall Street analysts forecast ILMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ILMN is 124.12 USD with a low forecast of 40.50 USD and a high forecast of 195.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 152.090
Low
40.50
Averages
124.12
High
195.00
Current: 152.090
Low
40.50
Averages
124.12
High
195.00
About ILMN
Illumina, Inc. is engaged in providing sequencing-and array-based solutions for genetic and genomic analysis. Its products and services serve customers in a range of markets, enabling the adoption of genomic solutions in research and clinical settings. Its DNA sequencing technology is based on its reversible terminator-based sequencing chemistry, referred to as sequencing by synthesis biochemistry. Its BeadArray technology combines microscopic beads and a substrate in a manufacturing process to produce arrays that can perform many assays simultaneously. Its sequencing applications include whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which can sequence exomes, specific genes, RNA or other genomic regions of interest. Its customers include genomic research centers, academic institutions, government laboratories, hospitals, pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Illumina Secures CMS Reimbursement for TruSight Oncology Test at $2,989.55
- Reimbursement Impact: Illumina's TruSight Oncology Comprehensive test has secured CMS reimbursement at $2,989.55 per test, effective January 1, 2026, which is expected to significantly enhance the adoption of this test in the U.S. healthcare system, thereby increasing the company's market share in precision oncology.
- Genomic Testing Advantage: The test assesses over 500 genes to provide clinically actionable results for treatment decisions, anticipated to enable more laboratories to deliver precision oncology diagnostics, addressing the growing market demand.
- Stock Performance: Illumina shares are currently priced at $145.22, trading 2.65% above the 12-month moving average, reflecting a positive market trend with a 2.9% increase over the past year, indicating investor confidence in the company's future growth potential.
- Analyst Ratings: Despite a premium P/E ratio of 31.8x indicating high valuation, analysts expect a 28% earnings growth to justify this valuation, with recent target price increases from firms like TD Cowen and Guggenheim reflecting optimistic market sentiment towards Illumina.
Continue Reading