BofA Securities analyst Allen Lutz downgrades $Omnicell (OMCL.US)$ to a hold rating, and adjusts the target price from $44 to $57.
According to TipRanks data, the analyst has a success rate of 50.7% and a total average return of 1.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Omnicell (OMCL.US)$'s main analysts recently are as follows:
The market is acknowledging a distinct resurgence in the growth of Omnicell's Product business, reflected by a 30% increase in share value. Although product expansions such as XTAmplify may contribute to additional sales, the prospects for growth remain somewhat uncertain.
The increase in Omnicell shares by 8% was driven by a report that exceeded expectations and an upward revision of future guidance that surpassed the positive results of Q3. The analyst notes that the boost to the lower end of Omnicell's bookings by $25M indicates a more favorable environment as the company approaches fiscal 2025.
Note:
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