Is Illumina Stock a Buy at Nearly 40 Times Earnings? 1 Analyst Thinks So
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
2017 has been a good year for owners of Illumina (NASDAQ: ILMN) stock. Shares of the genetic testing equipment maker are up nearly 50% since the year began, and received a healthy 14% bump in stock price after reporting fiscal second-quarter earnings last week.
But one analyst thinks Illumina could go up even more. Here are three things you need to know about that.
Source: Fool.com
Illumina Inc. Stock
€111.14
-3.260%
Currently there is a rather positive sentiment for Illumina Inc. with 44 Buy predictions and 6 Sell predictions.
With a target price of 140 € there is a positive potential of 25.97% for Illumina Inc. compared to the current price of 111.14 €.
