Fluidigm Corp. Upgraded by Zacks to Outperform (FLDM)
Fluidigm Corp. (NASDAQ:FLDM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, American Banking and Market News reports. The firm currently has a $23.60 target price on the stock. Zacks‘ price objective suggests a potential upside of 8.71% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Fluidigm Corp. from $20.00 to $24.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of Fluidigm Corp. from $22.00 to $23.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of Fluidigm Corp. from $21.00 to $23.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.52.
Fluidigm Corp. (NASDAQ:FLDM) traded down 0.87% during mid-day trading on Tuesday, hitting $21.71. 124,919 shares of the company’s stock traded hands. Fluidigm Corp. has a 52-week low of $13.43 and a 52-week high of $23.39. The stock’s 50-day moving average is $21.55 and its 200-day moving average is $18.73. The company’s market cap is $553.5 million.
Fluidigm Corp. (NASDAQ:FLDM) last announced its earnings results on Thursday, August 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.10. The company had revenue of $17.50 million for the quarter, compared to the consensus estimate of $15.87 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 35.7% on a year-over-year basis. Analysts expect that Fluidigm Corp. will post $-0.65 EPS for the current fiscal year.
Fluidigm Corporation (NASDAQ:FLDM) develops, manufactures and markets microfluidic systems such as single-cell genomics, applied genotyping and sample preparation for targeted resequencing, in the life science and agricultural biotechnology, or Ag-Bio, industries.
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