Goldman Sachs analyst Matthew Sykes maintains $Avantor (AVTR.US)$ with a buy rating, and adjusts the target price from $30 to $26.
According to TipRanks data, the analyst has a success rate of 49.4% and a total average return of 1.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Avantor (AVTR.US)$'s main analysts recently are as follows:
The firm expressed satisfaction with Avantor's robust free cash flow generation in the third quarter and the gradual enhancement in bioprocessing and equipment & instrumentation revenue, which surpassed expectations for the period. Despite the lack of management guidance for 2025, there is an anticipation of a persistent, gradual improvement throughout the fiscal year.
The softness in the semiconductor sector is affecting what is otherwise a 'solid' revenue figure, while the focus remains on the EBITDA margin miss, raising doubts about the company's capacity to achieve a 20% EBITDA margin by 2025. It is believed that the company will approach this target, though it will need a favorable product mix and additional cost reductions to reach it. Expectations for growth have been moderated to 3% due to semiconductor market conditions and margin projections for 2025.
Note:
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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.
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