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.
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:
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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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