Evercore analyst Vijay Kumar maintains $Edwards Lifesciences (EW.US)$ with a hold rating, and adjusts the target price from $91 to $70.
According to TipRanks data, the analyst has a success rate of 57.6% and a total average return of 5.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Edwards Lifesciences (EW.US)$'s main analysts recently are as follows:
There is speculation on whether the recent surge in medical technology stocks will sustain as the third-quarter financial reports approach. The sentiment is one of caution, with the third quarter often being the most challenging for the MedTech industry, inviting close examination of the strategies in place for 2025. Discussions regarding forecasts for the upcoming year might influence stock performance in the short term.
In the MedTech sector, the current utilization is sustaining its positive trend into the third quarter and the capital expenditure forecast for the coming year is considered 'healthy'. Regarding life science tools, bioprocess trends are anticipated to show improvement in the latter half of the year. However, there is ongoing discussion concerning the outlook for instruments and the impact of China's stimulus, especially in light of the recent performance of stocks within this sector.
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.