FLGT trades 20.0% above Wall Street's consensus target of $19.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FLGT achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Fulgent Genetics, Inc. (FLGT) has a Wall Street consensus price target of $19.00, based on estimates from 9 covering analysts. With the stock currently trading at $23.74, this represents a potential downside of -20.0%. The company has a market capitalization of $674M.
Analyst price targets range from a low of $19.00 to a high of $19.00, representing a 0% spread in expectations. The median target of $19.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, FLGT trades at a trailing P/E of -7.2x. Analysts expect EPS to grow +24.7% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NTRANatera, Inc. | $44.5B | $310.67 | $393.16 | +26.6% | Buy | — | 28 |
 PACBPacific Biosciences of California, Inc. | $702M | $2.26 | $1.93 | -14.4% | Buy | — | 18 |
 LHLabcorp Holdings Inc. | $30.1B | $366.57 | $389.89 | +6.4% | Buy | 19.8x | 35 |
 DGXQuest Diagnostics Incorporated | $28.2B | $255.63 | $256.17 | +0.2% | Hold | 22.6x | 34 |
 MYRGMYR Group Inc. | $4.1B | $262.91 | $391.33 | +48.8% | Buy | 20.3x | 22 |
 CDNACareDx, Inc | $4.1B | $78.56 | $75.25 | -4.2% | Buy | 44.1x | 14 |
 PGNYProgyny, Inc. | $2.7B | $34.84 | $35.63 | +2.3% | Buy | 27.1x | 21 |
 CSTLCastle Biosciences, Inc. | $986M | $32.52 | $38.75 | +19.2% | Buy | — | 11 |
 ILMNIllumina, Inc. | $32.2B | $213.13 | $252.73 | +18.6% | Buy | 39.4x | 50 |
 TMOThermo Fisher Scientific Inc. | $258.2B | $694.76 | $694.27 | -0.1% | Buy | 27.5x | 43 |
Quick answers to the most common questions about buying FLGT stock.
FLGT's consensus price target is $19, -20.0% below the current price of $23.74. The 9 analysts tracking FLGT see downside risk at present valuations.
FLGT has a consensus rating of "Buy" based on 9 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $19 implies -20.0% downside from current levels.
FLGT's current price is $23.74 with a consensus target of $19 (-20.0% implied move). Analyst estimates suggest the stock is overvalued at current levels.
The most bullish Wall Street analyst has a price target of $19 for FLGT, while the most conservative target is $19. The consensus of $19 represents the median expectation. These targets typically reflect 12-month expectations.
FLGT is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 3 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FLGT stock forecast based on 9 Wall Street analysts shows a consensus price target of $19, with estimates ranging from $19 (bear case) to $19 (bull case). The median consensus rating is "Buy".
Analysts are cautious on FLGT, with 0 Sell ratings and a price target of $19 (-20.0% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FLGT analyst price targets range from $19 to $19, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $19 consensus represents the middle ground.
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