Stock Track | Illumina Plummets 5.28% Pre-Market as Barclays Slashes Price Target

Stock Track2025-04-10

Illumina (ILMN) shares plummeted 5.28% in pre-market trading on Thursday, reflecting investor concerns following a significant downgrade from a major financial institution.

The sharp decline comes after Barclays lowered its price target on Illumina from $100 to $77, a reduction of 23%. The firm also maintained its Underweight rating on the stock, signaling continued skepticism about Illumina's near-term prospects. This adjustment was part of Barclays' broader first-quarter earnings preview for the sector.

The lowered price target and maintained Underweight rating suggest that Barclays analysts have concerns about Illumina's financial performance or market position. Investors appear to be reacting to this negative outlook, leading to the significant pre-market sell-off. As the market opens, it remains to be seen how Illumina's stock will perform throughout the trading day and whether other analysts will follow suit with similar downgrades.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1182106604?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-10 21:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1182106604","market":"nz","top_or_hot":-1,"title":"Stock Track | Illumina Plummets 5.28% Pre-Market as Barclays Slashes Price Target","media":"Stock Track","content":"<p>Illumina (ILMN) shares plummeted 5.28% in pre-market trading on Thursday, reflecting investor concerns following a significant downgrade from a major financial institution.</p>\n\n<p>The sharp decline comes after Barclays lowered its price target on Illumina from $100 to $77, a reduction of 23%. The firm also maintained its Underweight rating on the stock, signaling continued skepticism about Illumina's near-term prospects. This adjustment was part of Barclays' broader first-quarter earnings preview for the sector.</p>\n\n<p>The lowered price target and maintained Underweight rating suggest that Barclays analysts have concerns about Illumina's financial performance or market position. Investors appear to be reacting to this negative outlook, leading to the significant pre-market sell-off. As the market opens, it remains to be seen how Illumina's stock will perform throughout the trading day and whether other analysts will follow suit with similar downgrades.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Illumina Plummets 5.28% Pre-Market as Barclays Slashes Price Target</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Illumina Plummets 5.28% Pre-Market as Barclays Slashes Price Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-04-10 21:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Illumina (ILMN) shares plummeted 5.28% in pre-market trading on Thursday, reflecting investor concerns following a significant downgrade from a major financial institution.</p>\n\n<p>The sharp decline comes after Barclays lowered its price target on Illumina from $100 to $77, a reduction of 23%. The firm also maintained its Underweight rating on the stock, signaling continued skepticism about Illumina's near-term prospects. This adjustment was part of Barclays' broader first-quarter earnings preview for the sector.</p>\n\n<p>The lowered price target and maintained Underweight rating suggest that Barclays analysts have concerns about Illumina's financial performance or market position. Investors appear to be reacting to this negative outlook, leading to the significant pre-market sell-off. As the market opens, it remains to be seen how Illumina's stock will perform throughout the trading day and whether other analysts will follow suit with similar downgrades.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ILMN","symbol_name":"Illumina","start_time":0,"source_url":"","article_id":"1182106604","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182106604","pubTimestamp":1744292335,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Illumina  shares plummeted 5.28% in pre-market trading on Thursday, reflecting investor concerns following a significant downgrade from a major financial institution.The sharp decline comes after Barclays lowered its price target on Illumina from $100 to $77, a reduction of 23%. The firm also maintained its Underweight rating on the stock, signaling continued skepticism about Illumina's near-term prospects. This adjustment was part of Barclays' broader first-quarter earnings preview for the sect","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ILMN":"Illumina"},"translate_title":"巴克莱下调目标价，Illumina股价盘前暴跌5.28%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ILMN":1},"content_text":"Illumina (ILMN) shares plummeted 5.28% in pre-market trading on Thursday, reflecting investor concerns following a significant downgrade from a major financial institution.\nThe sharp decline comes after Barclays lowered its price target on Illumina from $100 to $77, a reduction of 23%. The firm also maintained its Underweight rating on the stock, signaling continued skepticism about Illumina's near-term prospects. This adjustment was part of Barclays' broader first-quarter earnings preview for the sector.\nThe lowered price target and maintained Underweight rating suggest that Barclays analysts have concerns about Illumina's financial performance or market position. Investors appear to be reacting to this negative outlook, leading to the significant pre-market sell-off. As the market opens, it remains to be seen how Illumina's stock will perform throughout the trading day and whether other analysts will follow suit with similar downgrades.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1182106604","isCrawlerRequest":true}