Leerink Partners raised its price target on Illumina (NASDAQ: ILMN) to $325.00 (from $315.00) while maintaining a Outperform rating.

Analyst Puneet Souda says elasticity of demand is driving consumables growth.

Analyst Comments Analyst PT Change

Illumina (ILMN) PT Raised to $320 at Evercore ISIJuly 31, 2018 6:55 AM Illumina (ILMN) PT Raised to $330 at JanneyJuly 31, 2018 6:27 AM Illumina (ILMN) PT Raised to $330 at Deutsche BankJuly 31, 2018 5:44 AM Illumina (ILMN) PT Raised to $350 at BarclaysJuly 31, 2018 5:37 AM Illumina (ILMN) Tops Q2 EPS by 32c; Raises OutlookJuly 30, 2018 4:06 PM