Pacific Biosciences Raises Price Target to $2, Outlook Positive
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Yahoo Finance
- Analyst Optimism: Barclays analyst Luke Sergott raised the price target for Pacific Biosciences (PACB) from $1.50 to $2 while maintaining an Equal Weight rating, reflecting a positive outlook for the life sciences and diagnostics tools sector.
- Revenue Forecast Adjustment: Despite last quarter's revenue of $38.4 million falling slightly short of expectations due to lower-than-anticipated Vega sales in Europe, the company anticipates a sequential revenue growth of about 10% in Q4, indicating a rebound in market demand.
- Sales Projections Downgrade: Pacific Biosciences has lowered its full-year sales forecast for 2025 to a range of $155 million to $160 million, reflecting a cautious approach to market conditions while indicating strategic adjustments to address challenges.
- Innovation Potential: As a developer of innovative DNA sequencing technology, PACB plays a crucial role in aiding researchers to understand complex genomes, and despite facing competition, its unique technology and market demand provide a foundation for future growth.
Analyst Views on PACB
Wall Street analysts forecast PACB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PACB is 2.30 USD with a low forecast of 1.50 USD and a high forecast of 3.00 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.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 1.710
Low
1.50
Averages
2.30
High
3.00
Current: 1.710
Low
1.50
Averages
2.30
High
3.00
About PACB
Pacific Biosciences of California, Inc. is a life science technology company. It is engaged in designing, developing, and manufacturing advanced sequencing solutions that enable scientists and clinical researchers to resolve genetically complex problems. Its products and technology under development stem from two differentiated core technologies, which include its HiFi long-read sequencing technology and its Sequencing by Binding short-read sequencing technology. Its products address solutions across a set of applications, including human genetics, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. It has developed HiFi long-read sequencing based on Single-Molecule Real-Time technology, which detects the nucleotide sequence and epigenetic status of individual deoxyribonucleic acid molecules. Its Revio, Sequel, Sequel II and Sequel IIe instruments conduct, monitor, and analyze single-molecule biochemical reactions in real time.
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.
