PacBio (PACB, Financial) has announced its participation in the extensive 1000 Genomes Long Read Sequencing Project. The company plans to deliver long-read transcriptome data, significantly contributing to one of the largest human genomics studies globally. This initiative is in partnership with experts including Dr. Danny Miller, Dr. Evan Eichler from the University of Washington, and Dr. Rajiv McCoy from Johns Hopkins University.
PacBio will employ its advanced Kinnex RNA kits alongside the Revio sequencing platform to conduct comprehensive full-length isoform sequencing. This collaboration aims to enhance the genomic dataset by providing Iso-Seq data for roughly 1,000 samples within the 1000 Genomes cohort. Such contributions are expected to push the boundaries of genomic research and bring forth innovative insights into human genetic studies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Pacific Biosciences of California Inc (PACB, Financial) is $1.96 with a high estimate of $3.00 and a low estimate of $1.00. The average target implies an upside of 20.93% from the current price of $1.62. More detailed estimate data can be found on the Pacific Biosciences of California Inc (PACB) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Pacific Biosciences of California Inc's (PACB, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Pacific Biosciences of California Inc (PACB, Financial) in one year is $5.40, suggesting a upside of 233.33% from the current price of $1.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Pacific Biosciences of California Inc (PACB) Summary page.
