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10x Genomics (TXG) Stock Forecast & Price Target

10x Genomics logo
$14.31 +1.02 (+7.67%)
(As of 11/22/2024 ET)

10x Genomics - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
7
Buy
9

Based on 17 Wall Street analysts who have issued ratings for 10x Genomics in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 1 has given a sell rating, 7 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for TXG.

Consensus Price Target

$29.19
103.97% Upside
According to the 17 analysts' twelve-month price targets for 10x Genomics, the average price target is $29.19. The highest price target for TXG is $60.00, while the lowest price target for TXG is $14.00. The average price target represents a forecasted upside of 103.97% from the current price of $14.31.
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TXG Analyst Ratings Over Time

TypeCurrent Forecast
11/25/23 to 11/24/24
1 Month Ago
10/26/23 to 10/25/24
3 Months Ago
8/27/23 to 8/26/24
1 Year Ago
11/25/22 to 11/25/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
7 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$29.19$30.60$31.46$60.78
Forecasted Upside103.97% Upside97.55% Upside37.99% Upside40.17% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Moderate Buy

TXG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TXG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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10x Genomics Stock vs. The Competition

Type10x GenomicsMedical CompaniesS&P 500
Consensus Rating Score
2.53
2.80
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside103.97% Upside27,073.48% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent TXG News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/1/2024Barclays
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$21.00 ➝ $19.00+17.87%
10/30/2024Citigroup
3 of 5 stars
 Lower TargetBuy ➝ Buy$35.00 ➝ $23.00+38.55%
10/30/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$20.00 ➝ $14.00-15.92%
10/30/2024The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$16.00 ➝ $14.00-15.92%
10/30/2024UBS Group
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D. Leonard
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Lower TargetNeutral ➝ Neutral$25.00 ➝ $20.00+19.76%
10/10/2024Stephens
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 Reiterated RatingOverweight ➝ Overweight$30.00 ➝ $30.00+92.68%
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10/10/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$32.00 ➝ $20.00+28.53%
9/3/2024Leerink Partnrs
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P. Souda
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UpgradeStrong-Buy
9/3/2024Leerink Partners
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 Initiated CoverageOutperform$35.00+49.89%
8/13/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$50.00 ➝ $46.00+134.10%
7/22/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$24.00 ➝ $24.00+43.71%
7/18/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$36.00 ➝ $25.00+26.01%
7/16/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$53.00 ➝ $25.00+44.34%
7/10/2024Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$55.00 ➝ $25.00+36.99%
6/27/2024Wolfe Research
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D. Schenkel
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Reiterated RatingOutperform ➝ Peer Perform
6/25/2024Guggenheim
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S. Nambi
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Reiterated RatingBuy ➝ Neutral
5/1/2024TD Cowen
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 DowngradeBuy ➝ Hold$57.00 ➝ $32.00+9.29%
2/16/2023Cowen
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 Boost TargetOutperform$52.00 ➝ $57.00+23.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 06:45 PM ET.


TXG Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for 10x Genomics is $29.19, with a high forecast of $60.00 and a low forecast of $14.00.

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for 10x Genomics in the last year. There is currently 1 sell rating, 7 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TXG shares.

According to analysts, 10x Genomics's stock has a predicted upside of 103.97% based on their 12-month stock forecasts.

Over the previous 90 days, 10x Genomics's stock had 1 upgrade by analysts.

10x Genomics has been rated by research analysts at Barclays, Canaccord Genuity Group, Citigroup, JPMorgan Chase & Co., Leerink Partners, Leerink Partnrs, Stephens, The Goldman Sachs Group, and UBS Group in the past 90 days.

Analysts like 10x Genomics less than other "medical" companies. The consensus rating score for 10x Genomics is 2.53 while the average consensus rating score for "medical" companies is 2.80. Learn more on how TXG compares to other companies.


This page (NASDAQ:TXG) was last updated on 11/24/2024 by MarketBeat.com Staff
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