TD Cowen analyst Daniel Brennan maintains $Bruker Corp (BRKR.US)$ with a hold rating, and maintains the target price at $70.
According to TipRanks data, the analyst has a success rate of 50.8% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bruker Corp (BRKR.US)$'s main analysts recently are as follows:
Post the Q3 report, Bruker experienced continued softness in the China market and in the biopharma sector.
The company faced a challenging reporting period within a difficult macroeconomic situation. Estimates are being adjusted to align with the reduced fiscal 2024 targets. Nevertheless, there is confidence that the company's strong positioning in multi-omics and materials sciences will enable it to capitalize on the anticipated demand resurgence in the biopharma sector and the Chinese market.
Bruker's third-quarter results fell short of expectations, and the company revised its organic sales growth forecast for fiscal 2024 downwards, attributing the slower pace to a delayed resurgence in China and emerging biopharma sectors. Analysts have pointed out that the adjustment in guidance was not a result of a significant market downturn in the third quarter, but was instead due to previous forecasts being too optimistic. Despite this, management has expressed a confident outlook 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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