InvestorsObserver is giving Pacific Biosciences of California Inc (PACB) an Analyst Rating Rank of 30, meaning PACB is ranked higher by analysts than 30% of stocks. The average price target for PACB is $20.333 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating PACB a Buy today. Find out what this means to you and get the rest of the rankings on PACB!
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Pacific Biosciences of California Inc Stock Today?
Pacific Biosciences of California Inc (PACB) stock is trading at $5.20 as of 1:42 PM on Wednesday, May 18, a loss of -$0.53, or -9.34% from the previous closing price of $5.73. The stock has traded between $5.20 and $5.75 so far today. Volume today is less active than usual. So far 4,548,473 shares have traded compared to average volume of 7,539,462 shares.
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