Wall Street Analysts Think Illumina (ILMN) Could Surge 27.02%: Read This Before Placing a Bet

Core Viewpoint - Illumina (ILMN) shares have increased by 5.5% recently, with a mean price target of $145.43 suggesting a potential upside of 27% from the current price of $114.49 [1] Price Targets and Analyst Consensus - The mean estimate of $145.43 is based on 21 short-term price targets, with a standard deviation of $36.38 indicating variability among analysts [1] - The lowest estimate of $100 suggests a 12.7% decline, while the highest estimate predicts a surge of 111.4% to $242 [1] - Analysts' price targets can often mislead investors, as they may set overly optimistic targets due to business incentives [3][4] Earnings Estimates and Potential Upside - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [5] - The Zacks Consensus Estimate for the current year has risen by 40.3% over the past month, with two estimates increasing and no negative revisions [5] - ILMN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [5]