Wells Fargo analyst Larry Biegelsen maintains $Alcon (ALC.US)$ with a buy rating, and maintains the target price at $105.
According to TipRanks data, the analyst has a success rate of 65.0% and a total average return of 11.5% 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's future performance, anticipating a mid-to-high single-digit growth trajectory into the second half of 2024/2025. This expectation is underpinned by a continued market expansion of approximately 5%, along with multiple drivers specific to the company. Additionally, the company seems well poised to reach its mid-20s EBIT margin goal by the year 2027.
The MedTech sector experienced solid returns, with healthcare providers particularly outperforming, as evidenced by a 10.5% return for a specific healthcare providers ETF. This performance aligns with the fundamental feedback from Q3, indicating that procedure volumes have been robust and demand remains vigorous. Insights from various sub-sectors suggest that the strong demand for procedures is expected to persist 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.
