Stock Track | Illumina Plummets 9.09% Intraday on Mixed 2026 Guidance and JP Morgan Price Target Cut

Stock Track
Feb 06

Illumina's stock plummeted 9.09% during intraday trading on Friday, extending a downward trend from earlier sessions.

The sharp decline was primarily driven by investor concerns over the company's mixed fiscal 2026 guidance, which created uncertainty despite Illumina reporting strong fourth-quarter 2025 results that exceeded analyst expectations.

Adding to the negative sentiment, JP Morgan cut its price target for Illumina from $130 to $120, reflecting analyst caution about the company's near-term prospects following its latest financial update.

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