KeyBanc analyst Brett Fishbin maintains $Alcon (ALC.US)$ with a buy rating, and adjusts the target price from $96 to $107.
According to TipRanks data, the analyst has a success rate of 94.1% and a total average return of 22.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alcon (ALC.US)$'s main analysts recently are as follows:
The firm maintains a positive outlook on Alcon, expecting a mid-to-high single-digits growth trajectory into the second half of 2024/2025. This optimism is based on continuous market expansion at approximately 5%, along with multiple factors specific to the company. Additionally, the company seems well-prepared to reach its mid-20s EBIT margin goal by the year 2027.
The MedTech sector experienced solid returns, particularly as healthcare providers outperformed within the healthcare sub-sectors. This performance is consistent with the fundamental feedback during Q3, where procedure volumes remained robust and demand was strong. Further research indicates that the sustained demand for procedures is likely to continue into 2025, bolstered by demographic trends and low unemployment rates.
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.
