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Fluidigm Corp. (NASDAQ:FLDM) was downgraded by stock analysts at Cowen and Company from an “outperform” rating to a “market perform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $45.00 price objective on the stock, up from their previous price objective of $42.00. Cowen and Company’s target price would indicate a potential upside of 4.38% from the stock’s previous close. The analysts noted that the move was a valuation call.

Fluidigm Corp. (NASDAQ:FLDM) opened at 43.11 on Friday. Fluidigm Corp. has a 1-year low of $15.72 and a 1-year high of $46.58. The stock’s 50-day moving average is $40.77 and its 200-day moving average is $28.52. The company’s market cap is $1.104 billion.

Fluidigm Corp. (NASDAQ:FLDM) last released its earnings data on Thursday, February 6th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.11. The company had revenue of $20.90 million for the quarter, compared to the consensus estimate of $20.73 million. During the same quarter last year, the company posted ($0.08) earnings per share. Fluidigm Corp.’s revenue was up 33.1% compared to the same quarter last year. On average, analysts predict that Fluidigm Corp. will post $-0.53 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Fluidigm Corp. from $46.00 to $52.00 in a research note to investors on Monday, February 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Fluidigm Corp. from $30.00 to $43.00 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of Fluidigm Corp. from $33.00 to $42.00 in a research note to investors on Wednesday, December 18th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.52.

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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