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Benchmark Co. Maintains Omnicell(OMCL.US) With Buy Rating, Raises Target Price to $62

Futu News ·  Oct 31 21:31  · Ratings

Benchmark Co. analyst Bill Sutherland maintains $Omnicell (OMCL.US)$ with a buy rating, and adjusts the target price from $48 to $62.

According to TipRanks data, the analyst has a success rate of 37.0% and a total average return of -9.6% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Omnicell (OMCL.US)$'s main analysts recently are as follows:

  • The market anticipates a definitive resurgence in growth for Omnicell's Product business, evidenced by a 30% increase in share price. Nonetheless, despite the potential of product extensions such as XTAmplify to foster additional sales, the clarity regarding growth prospects remains limited.

  • The shares of Omnicell experienced an 8% increase following a report surpassing initial expectations and the company's subsequent elevation of future guidance beyond the third quarter's positive results. It is noted that the minimum forecast for Omnicell's bookings saw an enhancement by $25 million, indicating a progressing scenario as the company approaches fiscal 2025.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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