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Mon. 16 May 2022, 12:01pm ET Benzinga Analyst Ratings

Piper Sandler has decided to maintain its Neutral rating of Pacific Biosciences (NASDAQ:PACB) and lower its price target from $13.00 to $6.00.

Shares of Pacific Biosciences are trading down 2.74% over the last 24 hours, at $5.68 per share.

A move to $6.00 would account for a 5.63% increase from the current share price.

About Pacific Biosciences

Pacific Biosciences of California Inc is a biotechnology company focused on the design, development, and commercialization of tools for biological research. The company develops sequencing systems to assist in resolving genetically complex problems. Its sequencing systems provide access to a wide range of applications and are designed for expandable improvements to performance capability. The majority of the company's revenue is derived from North America, followed by Asia and Europe.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.