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Equities researchers at Leerink Swann increased their target price on shares of Affymetrix (NASDAQ:AFFX) from $7.50 to $9.00 in a research report issued on Friday. Leerink Swann’s target price indicates a potential upside of 7.27% from the company’s current price.

Shares of Affymetrix (NASDAQ:AFFX) traded down 2.44% during mid-day trading on Friday, hitting $8.39. 913,102 shares of the company’s stock traded hands. Affymetrix has a 1-year low of $4.41 and a 1-year high of $9.80. The stock’s 50-day moving average is $8.8 and its 200-day moving average is $8.07. The company’s market cap is $610.3 million.

Affymetrix (NASDAQ:AFFX) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $83.30 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that Affymetrix will post $0.13 EPS for the current fiscal year.

Separately, analysts at Zacks reiterated an “outperform” rating on shares of Affymetrix in a research note on Thursday, June 12th. They now have a $10.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Affymetrix currently has an average rating of “Hold” and an average price target of $8.67.

Affymetrix, Inc (NASDAQ:AFFX) is engaged in the development, manufacture, sale and service of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets.

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