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Stock impact report

10x Genomics (TXG) Stock Trades Down, Here Is Why [Yahoo! Finance]

10x Genomics, Inc. (TXG) 
Last 10x genomics, inc. earnings: 2/18 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Shares of biotech company 10x Genomics (NASDAQ:TXG) fell 2.4% in the afternoon session after the stock extended its negative momentum as Piper Sandler initiated coverage of the stock with a Neutral rating and a $15.00 price target. While the research firm acknowledged that 10x Genomics has a leading offering in the single-cell market with significant technological advantages, it expressed concerns about the company's near-term performance. The primary issue cited was ongoing price compression within the market. Piper Sandler recommended that investors wait for the company to navigate the current macroeconomic environment before investing. This cautious outlook suggests potential headwinds, as the firm also noted that the related spatial market may take several years to fully develop, tempering enthusiasm for the stock's immediate growth prospects. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to Show less Read more
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