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Illumina price target raised to $105 from $99 at Canaccord

Canaccord raised the firm’s price target on Illumina (ILMN) to $105 from $99 and keeps a Hold rating on the shares. The firm noted they reported 2Q25 results that were ahead of firm estimates and FactSet consensus. The target increase is driven by increased revenue in 2025 and beyond as well as modestly higher operating margin expansion.

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