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Pacific Biosciences of California Inc

Pacific Biosciences of California Inc Stock Forecast & Price Prediction

Live Pacific Biosciences of California Inc Stock (PACB) Price
$1.93

6

Ratings

  • Buy 2
  • Hold 4
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$1.93

P/E Ratio

-1.60

Volume Traded Today

$13.5M

Dividend

Dividends not available for PACB

52 Week High/low

10.65/1.16

Pacific Biosciences of California Inc Market Cap

$509.6M

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PACB Summary

From what 6 stock analysts predict, the share price for Pacific Biosciences of California Inc (PACB) might increase by 46.63% in the next year. This is based on a 12-month average estimation for PACB. Price targets go from $1 to $7. The majority of stock analysts believe PACB is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

PACB Analyst Ratings

About 6 Wall Street analysts have assignedPACB 2 buy ratings, 4 hold ratings, and 0 sell ratings. This means that analysts expect Pacific Biosciences of California Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PACB. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

PACB stock forecast by analyst

These are the latest 20 analyst ratings of PACB.

Analyst/Firm

Rating

Price Target

Change

Date

Sung Ji Nam
Scotiabank

Sector Outperform

$7

Maintains

Aug 28, 2024

Stephens & Co.

Overweight


Maintains

Aug 13, 2024
Tejas Savant
Morgan Stanley

Equal-Weight

$2

Maintains

Aug 12, 2024
Ross Osborn
Cantor Fitzgerald

Overweight

$3.5

Reiterates

Aug 8, 2024
Kyle Mikson
Canaccord Genuity

Buy

$3

Maintains

Aug 8, 2024
Tycho Peterson
Jefferies

Buy

$4

Initiates

Jun 3, 2024
Tejas Savant
Morgan Stanley

Equal-Weight

$4

Maintains

May 15, 2024
David Westenberg
Piper Sandler

Neutral

$2

Maintains

May 13, 2024
Luke Sergott
Barclays

Equal-Weight

$2

Maintains

May 10, 2024
Rachel Vatnsdal
JP Morgan

Neutral


Downgrade

Apr 22, 2024
Matthew Sykes
Goldman Sachs

Neutral

$2.5

Maintains

Apr 19, 2024
Matthew Sykes
Goldman Sachs

Neutral

$2.5

Downgrade

Apr 18, 2024
Eve Burstein
Bernstein

Outperform

$2.5

Maintains

Apr 18, 2024
Sung Ji Nam
Scotiabank

Sector Outperform

$8

Maintains

Apr 18, 2024
Daniel Brennan
TD Cowen

Buy

$2.5

Maintains

Apr 17, 2024
Luke Sergott
Barclays

Equal-Weight

$3

Maintains

Apr 10, 2024
Matthew Sykes
Goldman Sachs

Buy

$7

Maintains

Apr 10, 2024

Canaccord Genuity

Buy


Maintains

Mar 22, 2024
John Sourbeer
UBS

Buy

$12

Maintains

Feb 16, 2024
Mason Carrico
Stephens & Co.

Overweight

$11

Initiates

Dec 14, 2023

PACB Company Information

  • Company Name: Pacific Biosciences of California, Inc.
  • Industry: Biotechnology and Genetic Sequencing
  • Business Model: Designs, develops, and manufactures sequencing solutions for genetically complex problems.
  • Key Products and Services:
    • Sequencing Systems: Includes Revio and Sequel systems for real-time biochemical reaction analysis.
    • Consumable Products: Features single molecule real-time (SMRT) technology, long-read sequencing, and various reagent kits.
    • Specialized Kits: Preparation kits for converting DNA into SMRTbell libraries, binding kits for polymerase binding, and sequencing kits with phospholinked nucleotides.
    • SBB (Short-Read Sequencing): Instruments and consumables for SBB biochemical reactions.
  • Target Markets: Academic and governmental research institutions, commercial testing labs, genome centers, public health labs, hospitals, pharmaceutical and agricultural companies.
  • Marketing Strategy: Products are marketed through a dedicated sales force and distribution partners across various global regions including Asia, Europe, and Latin America.
  • Collaborations: Development agreement with Invitae Corporation and collaboration with Radboud University Medical for genetic research.
  • History: Originally incorporated as Nanofluidics, Inc. in 2000; renamed in 2005; headquartered in Menlo Park, California.
PACB
Pacific Biosciences of California Inc (PACB)

When did it IPO

2010

Staff Count

796

Country

United States

Sector/Industry

Healthcare/Medical Devices

CEO

Mr. Christian O. Henry M.B.A.

Market Cap

$509.6M

Pacific Biosciences of California Inc (PACB) Financial Data

In 2023, PACB generated $200.5M in revenue, which was a increase of 56.29% from the previous year. This can be seen as a signal that PACB's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$78.9M

Revenue From 2021

$130.5M

65.43 %
From Previous Year

Revenue From 2022

$128.3M

-1.69 %
From Previous Year

Revenue From 2023

$200.5M

56.29 %
From Previous Year
  • Revenue TTM $188.9M
  • Operating Margin TTM -176.7%
  • Gross profit TTM $52.8M
  • Return on assets TTM -11.2%
  • Return on equity TTM -70.6%
  • Profit Margin -212.0%
  • Book Value Per Share 1.81%
  • Market capitalisation $509.6M
  • Revenue for 2021 $130.5M
  • Revenue for 2022 $128.3M
  • Revenue for 2023 $200.5M
  • EPS this year (TTM) $-1.50

Pacific Biosciences of California Inc (PACB) Latest News

News Image

Sun, 15 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - The Schall Law Firm is investigating Pacific Biosciences (NASDAQ:PACB) for potential securities law violations, including false statements and undisclosed information affecting investors.

Why It Matters - Investigations into potential securities law violations can lead to stock price declines and increased legal risks for Pacific Biosciences, impacting investor confidence and returns.

News Image

Mon, 16 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - The Schall Law Firm is investigating Pacific Biosciences (NASDAQ:PACB) for potential securities law violations, including false statements and undisclosed information affecting investors.

Why It Matters - Investors in Pacific Biosciences should be concerned about potential legal violations and misleading statements, which could affect stock value and lead to financial losses.

News Image

Tue, 17 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - The Schall Law Firm is investigating Pacific Biosciences (NASDAQ:PACB) for potential securities law violations related to false statements and undisclosed information affecting investors.

Why It Matters - The investigation into PacBio for potential securities law violations could lead to legal liabilities, impacting stock performance and investor confidence.

News Image

Thu, 12 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - The Schall Law Firm is investigating Pacific Biosciences (NASDAQ:PACB) for potential securities law violations related to misleading statements to investors.

Why It Matters - The investigation into Pacific Biosciences may indicate potential legal issues, which could lead to financial losses or stock price volatility, impacting investor sentiment and decisions.

News Image

Fri, 13 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - The Schall Law Firm is investigating Pacific Biosciences (NASDAQ:PACB) for potential securities law violations, including false statements or undisclosed information affecting investors.

Why It Matters - The investigation into Pacific Biosciences could indicate potential legal and financial risks, affecting stock performance and investor confidence in the company.

News Image

Sat, 14 Sep 2024

Sentiment - NEUTRAL

Source - Accesswire

Summary - The Schall Law Firm is investigating Pacific Biosciences (NASDAQ:PACB) for potential securities law violations, including misleading statements to investors.

Why It Matters - An investigation into Pacific Biosciences for potential securities law violations could lead to legal repercussions, impacting stock value and investor confidence.

...

PACB Frequently asked questions

The highest forecasted price for PACB is $7 from Matthew Sykes at Goldman Sachs.

The lowest forecasted price for PACB is $1 from from

The PACB analyst ratings consensus are 2 buy ratings, 4 hold ratings, and 0 sell ratings.