RBC Capital analyst Conor McNamara maintains $Thermo Fisher Scientific (TMO.US)$ with a buy rating, and adjusts the target price from $767 to $718.
According to TipRanks data, the analyst has a success rate of 35.4% and a total average return of -9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Thermo Fisher Scientific (TMO.US)$'s main analysts recently are as follows:
Thermo Fisher's recent quarterly performance met expectations in a period where anticipation was high. The company demonstrated strong execution amid a challenging demand scenario within the tools sector, with uncertainty looming over the timing of demand resurgence.
While Thermo Fisher's third-quarter earnings call was more optimistic than its results, there remains a positive outlook on the stock. The Life Sciences Solutions segment continues to experience bioproduction momentum, and the Laboratory Products and Biopharma Services segment does not appear to be affected by a biotech slowdown.
Thermo Fisher's core growth has been observed to be on a consistent upward trajectory quarter-over-quarter, with projections suggesting a slight increase to approximately +2.5% in the fourth quarter. Expectations on the Street for a 5% core growth by 2025 appear to be solid and justifiable. The company's defensive profile and balance sheet flexibility remain favorable.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
