TXG - 10x Genomics up 10% on positive Street reaction to quarterly earnings 2023 outlook

• 10x Genomics ( NASDAQ: TXG ) is up 10% in Thursday morning trading after Street firm reacted positively to the company's Q4 2022 results and 2023 guidance.
• The life science technology company beat on the top and bottom lines .
• While 10x Genomics ( TXG ) provided 2023 revenue guidance that did not include the consensus, Street analyst seem unfazed.
• Cowen's Dan Brennan, who has an outperform rating, raised the stock's price target to $57 from $52 (23% upside based on Wednesday's close). He called the guidance conservative.
• Stifel's Daniel Arias, who rates 10x Genomics ( TXG ) a buy, raised his target price to $57 from $53 (23% upside). He noted that the 12%-16% 2023 growth the company is eying is "a good starting point."
• Seeking Alpha's Quant Rating views 10x Genomics ( TXG ) as a hold.

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