Illumina Inc

ILMN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Illumina Earnings: 2024 Profit Guidance Rises Mildly, but No Fair Value Change

Julie Utterback

Nov 5, 2024

Narrow-moat Illumina announced third-quarter results that looked strong on the bottom line, and management increased its adjusted earnings per share guidance moderately for 2024. After tinkering with our near-term assumptions and keeping our longer-term view roughly intact, our $144 fair value estimate still looks appropriate. Shares appear fairly valued to us.

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Illumina Inc

Illumina Earnings: 2024 Profit Guidance Rises Mildly, but No Fair Value Change

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