share_log

Wells Fargo Maintains Waters(WAT.US) With Buy Rating, Raises Target Price to $415

Futu News ·  Nov 4 19:31  · Ratings

Wells Fargo analyst Brandon Couillard maintains $Waters (WAT.US)$ with a buy rating, and adjusts the target price from $380 to $415.

According to TipRanks data, the analyst has a success rate of 62.6% and a total average return of 18.1% over the past year.

AnalystRecentRatingAutoNews_205208_20241103_a217f42d556d60e2dbb6108a6579d67f288a3b34_1730719846477501_nn_en

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

  • The substantial earnings surpass indicates share gains and an earlier than anticipated recovery cycle. Nevertheless, it's suggested that the current share price movement has absorbed all the potential upside, implying expectations of flawless performance for the upcoming year.

  • The recent third-quarter performance and the guidance for the fourth quarter have bolstered the view that Waters is approaching a liquid chromatography instrument replacement cycle. This event is anticipated to spur a swift increase in both revenue and EPS by 2025, a prospect that has not been completely anticipated in consensus expectations.

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.
    Write a comment