10X Genomics (TXG) Stock: $100 Price Target And Overweight Rating

By Amit Chowdhry ● May 5, 2022
  • The shares of 10X Genomics (NASDAQ: TXG) have received a $100 price target from JPMorgan. These are the details.

The shares of 10X Genomics (NASDAQ: TXG) have received a $100 price target from JPMorgan. And JPMorgan analyst Tycho Peterson is maintaining an “Overweight” rating on the shares.

Peterson adjusted the rating after the company reported its first-quarter earnings. 10x Genomics reported a Q1 EPS of ($0.38), which was $0.07 less than analyst estimates of ($0.31). And the revenue for the quarter was $114.5 million compared to the consensus estimate of $113.34 million.

In terms of guidance, 10x Genomics expects FY2022 revenue of between $600 and $630 million, compared to the consensus of $614 million.

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