10x Genomics (TXG): Evaluating Valuation as New Partnerships Boost Growth Potential and Investor Interest

10x Genomics (TXG) is partnering with Anthropic to integrate its single cell and spatial biology analysis tools into Claude for Life Sciences. This move allows researchers to access advanced workflows through natural language, making complex data analysis more approachable.

See our latest analysis for 10x Genomics.

After a tough stretch, 10x Genomics is showing signs of renewed interest. The stock has rebounded with a 17.5% one-month share price return following news of partnerships with Anthropic and SPT Labtech. Its one-year total shareholder return remains down 13%. There are indications that momentum may be building again as new collaborations and recent institutional investment suggest brighter prospects, but the long-term picture remains challenging after steep multi-year declines.

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With new partnerships fueling the recent rally, investors are now left questioning whether 10x Genomics is truly undervalued after years of weakness, or if the market has already factored in its prospects for growth. Is there still upside to capture?

Most Popular Narrative: 8.7% Undervalued

10x Genomics recently closed at $13.77, while the most followed narrative calculates a fair value of $15.08. The current price is below this target, and the narrative builds its case around the company's future growth drivers and margin expansion. One critical catalyst is the recent expansion of advanced product lines, strategic acquisitions, and global partnerships. These moves are seen as bolstering leadership in the precision medicine field.

Expansion of product offerings and strategic acquisitions are enhancing innovation, reducing operational costs, and solidifying leadership in advanced genomics tools. Growth in global partnerships and improved international presence are increasing market opportunities and supporting resilient, long-term revenue streams.

Read the complete narrative.

Curious what future revenue and profit margins this narrative expects? The valuation hinges on bold assumptions about international reach, product launches, and margin transformation. What are the projections driving this price target? Explore the full narrative for the answers.

Result: Fair Value of $15.08 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing funding uncertainty and pressure on pricing power could challenge 10x Genomics' path to sustainable revenue growth and margin expansion.

Find out about the key risks to this 10x Genomics narrative.

Build Your Own 10x Genomics Narrative

If you have a different perspective or want to investigate the numbers on your own, it only takes a few minutes to shape your own story. Do it your way

A great starting point for your 10x Genomics research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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