PacBio price target raised to $2 from $1.50 at Barclays

Barclays analyst Luke Sergott raised the firm’s price target on PacBio (PACB) to $2 from $1.50 and keeps an Equal Weight rating on the shares. The firm adjusted ratings and price targets in the life sciences and diagnostics tools space as part of its 2026 outlook. The last of the estimate cuts, recovering end markets and tools being the “most under-owned space in healthcare” creates a “great setup” for outperformance of the tools group in 2026, the analyst tells investors in a research note.