Fintel reports that on September 19, 2023, Canaccord Genuity reiterated coverage of 10x Genomics Inc – (NASDAQ:TXG) with a Buy recommendation.
Analyst Price Forecast Suggests 38.57% Upside
As of August 31, 2023, the average one-year price target for 10x Genomics Inc – is 64.00. The forecasts range from a low of 30.30 to a high of $78.75. The average price target represents an increase of 38.57% from its latest reported closing price of 46.19.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for 10x Genomics Inc – is 623MM, an increase of 9.60%. The projected annual non-GAAP EPS is -1.20.
What is the Fund Sentiment?
There are 574 funds or institutions reporting positions in 10x Genomics Inc -. This is an increase of 16 owner(s) or 2.87% in the last quarter. Average portfolio weight of all funds dedicated to TXG is 0.26%, a decrease of 9.05%. Total shares owned by institutions decreased in the last three months by 1.29% to 104,286K shares.
The put/call ratio of TXG is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 8,504K shares representing 7.24% ownership of the company. In its prior filing, the firm reported owning 8,754K shares, representing a decrease of 2.94%. The firm increased its portfolio allocation in TXG by 145.46% over the last quarter.
Sands Capital Management holds 4,120K shares representing 3.51% ownership of the company. In its prior filing, the firm reported owning 3,738K shares, representing an increase of 9.28%. The firm increased its portfolio allocation in TXG by 3.99% over the last quarter.
ARK Investment Management holds 3,114K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 4,155K shares, representing a decrease of 33.46%. The firm decreased its portfolio allocation in TXG by 27.76% over the last quarter.
Brown Capital Management holds 3,078K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 3,076K shares, representing an increase of 0.06%. The firm decreased its portfolio allocation in TXG by 4.94% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,769K shares representing 2.36% ownership of the company. In its prior filing, the firm reported owning 2,876K shares, representing a decrease of 3.84%. The firm decreased its portfolio allocation in TXG by 11.07% over the last quarter.
10x Genomics Background Information
(This description is provided by the company.)
10x Genomics is an American biotechnology company that designs and manufactures gene sequencing technology used in scientific research. It was founded in 2012 by Serge Saxonov, Ben Hindson, and Kevin Ness.
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