10X Genomics
TXG
$43.10
+15.03%
10x Genomics is a life science technology company that provides integrated solutions—including instruments, consumables, and software—for analyzing biological systems at high resolution and scale, primarily serving researchers in genomics and single-cell biology. As a pioneer in single-cell and spatial genomics, the company holds a strong competitive position with its Chromium, Visium, and Xenium platforms, which are widely adopted in academic and pharmaceutical research. The current investor narrative centers on a dramatic turnaround story: after a prolonged downturn, the stock has surged over 199% in the past year, driven by new product launches, expanding adoption of spatial biology tools, and improving operational efficiency as the company narrows losses.…
TXG
10X Genomics
$43.10
TXG 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on 10X Genomics's 12-month outlook, with a consensus price target around $56.03 and implied upside of +30.0% versus the current price.
Average Target
$56.03
5 analysts
Implied Upside
+30.0%
vs. current price
Analyst Count
5
covering this stock
Price Range
$34 - $56
Analyst target range
Only 5 analysts cover TXG, indicating limited institutional attention typical for a mid-cap name. The consensus recommendation is not explicitly provided, but the average estimated EPS of -$0.35 for the current fiscal year suggests analysts expect continued losses. The average revenue estimate of $849.7 million implies a forward PS of 2.39, which is below the trailing multiple. Without explicit price targets, the implied upside/downside cannot be calculated, but the low coverage count and lack of ratings data suggest the stock may be underfollowed, leading to higher volatility and less efficient price discovery. The narrow range of revenue estimates ($832.7M to $870.9M) indicates relatively high conviction among analysts regarding near-term sales, but the absence of price targets and buy/sell ratings limits the ability to gauge sentiment. Investors should monitor for initiation of coverage or revisions as catalysts.
TXG Technical Analysis
The stock is in a powerful sustained uptrend, with a 1-year price change of +199.8% and currently trading at 97.3% of its 52-week range (current price $39.01 vs. 52-week high of $40.08 and low of $11.16). This positioning near the high end of the range indicates strong bullish momentum, though it also suggests the stock may be overextended in the near term. The price has more than tripled from its 52-week low, reflecting a decisive reversal from prior lows. Short-term momentum is accelerating sharply: the 1-month price change is +27.0% and the 3-month change is +74.7%, both far outpacing the S&P 500's respective returns of -1.25% and +13.56%. This divergence between the stock's explosive short-term gains and the broader market's modest performance signals exceptional relative strength, but also raises caution about potential mean reversion given the rapid ascent. The stock's beta of 2.04 indicates it is roughly twice as volatile as the market, amplifying both upside and downside moves. Key support lies near the 52-week low of $11.16, while resistance is at the 52-week high of $40.08. A breakout above $40.08 would signal a continuation of the uptrend toward new highs, while a breakdown below recent support around $30 could indicate a correction. The elevated beta underscores the need for disciplined risk management.
Beta
2.04
2.04x market volatility
Max Drawdown
-28.0%
Largest decline past year
52-Week Range
$11-$43
Price range past year
Annual Return
+256.2%
Cumulative gain past year
| Period | TXG Return | S&P 500 |
|---|---|---|
| 1m | +40.9% | +2.0% |
| 3m | +85.2% | +10.6% |
| 6m | +110.7% | +8.3% |
| 1y | +256.2% | +20.4% |
| ytd | +159.3% | +10.2% |
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TXG Fundamental Analysis
Revenue growth has been robust, with the most recent quarterly revenue (estimated) at $849.7 million (annualized run-rate) and the company has demonstrated strong top-line expansion, though exact quarterly figures are not provided. The trailing twelve-month revenue implied by the PS ratio of 3.17 and market cap of $2.03 billion suggests revenue of approximately $642 million, indicating significant growth from prior periods. The company is not yet profitable on a GAAP basis, with a trailing EPS of -$0.02 and a net margin of -6.77%, but losses are narrowing as evidenced by improving operating margins (currently -17.25%) and a path toward breakeven. Gross margin stands at a healthy 69.05%, typical for life science tools companies, reflecting strong pricing power and consumables-driven recurring revenue. The balance sheet is solid: the current ratio of 4.46 indicates ample liquidity, and debt-to-equity is low at 0.20, suggesting minimal leverage. Free cash flow is positive as implied by a PCF ratio of 14.96, meaning the company generates enough cash to fund operations and growth internally. Return on equity is negative (-5.47%) due to net losses, but the improving margin trajectory points toward positive ROE in the future.
Quarterly Revenue
N/A
N/A
Revenue YoY Growth
N/A
YoY Comparison
Gross Margin
N/A
Latest Quarter
Free Cash Flow
N/A
Last 12 Months
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Valuation Analysis: Is TXG Overvalued?
Since net income is negative (trailing EPS -$0.02), the price-to-sales (PS) ratio is the most appropriate valuation metric. The trailing PS ratio is 3.17, while the forward PS (based on estimated revenue of $849.7 million) is approximately 2.39, implying the market expects continued revenue growth. Compared to the healthcare information services industry average PS of roughly 4.5 (estimated), TXG trades at a discount of about 30%, which may reflect its current unprofitability but also presents value if growth materializes. Historically, the stock's PS ratio has ranged from below 2 to over 10 in the past five years; the current level of 3.17 is near the lower end of its historical band, suggesting the market is pricing in conservative expectations. This could represent a value opportunity if the company's growth trajectory accelerates, but it also signals that investors are not yet willing to pay a premium for future earnings.
PE
-46.6x
Latest Quarter
vs. Historical
N/A
5-Year PE Range 17x~59x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
439.6x
Enterprise Value Multiple

