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TXG

10x Genomics Inc. Class A Common Stock (TXG) fair value

Healthcare · Medical Devices · NASDAQ · United States
$71.55+2.58%
Market cap $9.3BNext earnings 2026-11-05Updated Oct 23, 2026
Add earnings to calendarGoogle
Our verdict
Trades 119% above our fair value
Price
$71.55
Model fair valueConfidence: medium
$32.73
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinion10x Genomics Inc. Class A Common Stock (TXG)
Fair value (2 models)
Not available
ACCE price target
$60.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Price used: $71.55 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
42
out of 100
Analysts
37% buy
19 covering
1-year return
+435.6%
Dividend yield
0.00%

10x Genomics Inc. Class A Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

10x Genomics sells single-cell and spatial biology instruments, along with the consumables and assays that run on them, to academic and pharma labs. Its moat is a high-gross-margin consumables franchise, with gross margin at 70.1%, that tends to recur once a customer has bought into a platform. The problem is the top line: revenue is shrinking 12.7% year on year and the operating margin is still negative at -15.2%, so the thesis rests on demand stabilising in academic and pharma capital budgets rather than on any current earnings. The 9.4B USD market cap against that backdrop means the market is pricing in a recovery that the reported numbers do not yet show. The score of 42/100 and the forward P/E of 1250x leave little room for error, so this is a name worth a deeper look only if the work points to a clear turn in orders and a path to positive operating margin.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Revenue shrinking sharply
    Revenue is down 12.7% year over year and 9.1% quarter over quarter, after a 16.6% five-year CAGR. The top line is contracting, not just slowing.
  • high
    Losses despite strong gross margin
    Operating margin is -15.2% and net margin -12.2% on a 70.1% gross margin, so the cost base is not scaling down with falling sales.
  • moderate
    Heavy short interest
    Short interest sits at 17.3% of the float, a sizeable bet against the shares that signals real disagreement over the outlook.
  • moderate
    Price well above ACCE target
    The stock trades 19.2% above the ACCE price target of $60.00, and the forward P/E of 932.0 leaves little room for error.

AI research notes

AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue growth averaged 16.6% a year over five years, showing the business has grown well for a long stretch.
  • Free cash flow over the last twelve months came to $130M, so the business is generating real cash despite losses.
  • Analysts' mean price target of $77.00 sits above the current share price, with 37% of analysts rating it Buy or Strong Buy.
Why it could disappoint
  • Revenue fell 12.7% year over year, and the company still posts a net margin of -12.2%.
  • The forward P/E of 932.0x compares with a sector median of 24.2x, leaving little room for error in the share price.
  • Share count rose 3.6% last year, so each shareholder's slice of the company shrank through dilution.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where TXG's valuation models land
Price
$71.55
Model fair valueConfidence: medium
$32.73
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bearish37% buy · 19 covering analysts
● Strong buy 6● Buy 1● Hold 12● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+2.4%
1 month
-5.4%
3 months
+54.6%
6 months
+224.0%
YTD
+338.7%
1 year
+435.6%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
10 Oct 2026, 00:00 CESTACCE price target$60.00first publication$77.28
28 Sept 2026, 00:00 CESTFair value$3.14$3.38$85.71
26 Sept 2026, 00:00 CESTFair value$3.38$3.24$84.11
23 Sept 2026, 00:00 CESTFair value$3.24$3.15$79.10
18 Sept 2026, 00:00 CESTFair value$3.15$3.19$72.68
15 Sept 2026, 00:00 CESTFair value$3.19$3.26$68.59
13 Sept 2026, 00:00 CESTFair value$3.26$3.32$68.59
10 Sept 2026, 00:00 CESTFair value$3.32$3.24$65.60
7 Sept 2026, 00:00 CESTFair value$3.24$3.28$62.65
5 Sept 2026, 00:00 CESTFair value$3.28$3.23$63.22

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value15Quality47Momentum97Total42
Valuation
Trailing P/E
no data
Forward P/E
933.2x
PEG
no data
P/B
11.93x
EV / Revenue
15.2x
Book value/sh
$6.34
Enterprise value
$9.4B
Profitability
ROE
-9.4%
FCF yield
1.32%
ROIC
-3.7%
Health and risk
Debt / equity
0.20
Dividend yield
0.00%
Beta
1.99

Price

+419.6% · 1Y

Ask anything about TXG

Answered from 10x Genomics Inc. Class A Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 17% of peers
low -26%-9%high 26%
Div yieldbetter than 83% of peers
low 0.0%0.0%high 0.3%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TXG 10x Genomics Inc. Class A Common Stock$71.55----9.4%4742
BIO Bio-Rad Laboratories Inc. Class A Common Stock$363.50$27632% above45.7x3.1%6255
BRKR Bruker Corporation Common Stock$57.31----3.0%4352
PODD Insulet Corporation Common Stock$148.12$1378% above26.6x26.0%8960
GKOS Glaukos Corporation Common Stock$176.69----26.0%4764
GMED Globus Medical Inc. Class A Common Stock$81.66$10018% below20.9x11.8%7858
DEMANT.CO Demant A/Skr 354.00kr 23650% above31.3x23.3%7168

Sector report card

Where TXG ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Oct 13, 2026
    10x Genomics to Report Third Quarter 2026 Financial Results on November 5, 2026
  • PR Newswire•Oct 7, 2026
    10x Genomics Announces New Collaboration to Advance Single Cell and Spatial Applications Across Solid Tumors and Blood Cancers
  • PR Newswire•Sep 29, 2026
    10x Genomics Announces Sentira, a New Computational Platform to Turn Complex Biological Data Into Experimental Conclusions
6 more press releases · full archive on Investor+.INVESTOR
40 filings
September 2026
Sep 24
Form 4Insider transactionPeriod 2026-09-22
View on SEC →
Sep 24
Form 4Insider transactionPeriod 2026-09-22
View on SEC →
Sep 11
Form 4Insider transactionPeriod 2026-09-09
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR