PacBio Announces Third Quarter 2021 Financial Results

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Pacific Biosciences of California (PACB) PT Raised to $32 at Cowen

November 3, 2021 6:30 AM EDT

Cowen analyst Dan Brennan raised the price target on Pacific Biosciences of California (NASDAQ: PACB) to $32.00 (from $30.00) while maintaining a Market Perform rating.

The analyst commented, "PACB reported a good 3Q, with revenues +83% Y/Y, ~5% ahead of expectations, and service, consumables, & instrument revenues... More