🔴 TXG is trading 2.1% down today as it pulls back from a two-day rally sparked by a Barclays price target hike

TXG is trading at $34.98 (-2.10%) as it eases back from a significant two-day surge that saw the stock climb over 11% earlier this week.

• The recent rally was driven by Barclays maintaining an Overweight rating and raising its price target to $40 on June 24.
• Analysts view the current decline as a natural fade and profit-taking move following the sharp gains, rather than a response to new negative company news.
• The stock is also facing headwinds from a broader rotation out of tech and Nasdaq pressure linked to industry-wide AI-cost concerns.