Illumina's TruSight Test Receives $2,989.55 Reimbursement Approval
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy ILMN?
Source: NASDAQ.COM
Illumina Inc. shares rose 3.15% as the company reached a 52-week high following the announcement of a $2,989.55 reimbursement rate for its TruSight™ Oncology Comprehensive test.
The reimbursement approval from CMS is expected to significantly enhance access to precision oncology solutions, allowing more healthcare providers to deliver comprehensive genomic profiling. This development is anticipated to drive growth in Illumina's clinical markets, which accounted for approximately 60% of its sequencing consumables revenue in Q4 2025. The test's ability to assess over 500 genes simultaneously positions Illumina as a leader in precision medicine, facilitating better treatment decisions for patients.
This reimbursement policy is likely to promote the widespread adoption of genomic testing, further solidifying Illumina's market share in precision oncology. As more laboratories adopt this technology, the company is well-positioned to capitalize on the growing demand for genomic solutions in healthcare.
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Analyst Views on ILMN
Wall Street analysts forecast ILMN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ILMN is 124.12 USD with a low forecast of 40.50 USD and a high forecast of 195.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
4 Buy
6 Hold
3 Sell
Hold
Current: 133.610
Low
40.50
Averages
124.12
High
195.00
Current: 133.610
Low
40.50
Averages
124.12
High
195.00
About ILMN
Illumina, Inc. is engaged in providing sequencing-and array-based solutions for genetic and genomic analysis. Its products and services serve customers in a range of markets, enabling the adoption of genomic solutions in research and clinical settings. Its DNA sequencing technology is based on its reversible terminator-based sequencing chemistry, referred to as sequencing by synthesis biochemistry. Its BeadArray technology combines microscopic beads and a substrate in a manufacturing process to produce arrays that can perform many assays simultaneously. Its sequencing applications include whole-genome sequencing kits, which sequence entire genomes of any size and complexity, and targeted resequencing kits, which can sequence exomes, specific genes, RNA or other genomic regions of interest. Its customers include genomic research centers, academic institutions, government laboratories, hospitals, pharmaceutical, biotechnology, commercial molecular diagnostic laboratories, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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