In a recent update, Baird has adjusted its price target for Mettler-Toledo (MTD, Financial) shares, reducing it from $1,369 to $1,034. Despite this substantial decrease, the financial services firm continues to maintain a Neutral rating on the stock. This revision comes as Baird prepares its financial model in anticipation of Mettler-Toledo's upcoming first-quarter earnings report.
The adjustment reflects Baird's reassessment of the company's performance indicators and future outlook as it aligns its expectations with the approaching financial disclosure.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Mettler-Toledo International Inc (MTD, Financial) is $1,315.80 with a high estimate of $1,530.00 and a low estimate of $1,034.00. The average target implies an upside of 35.63% from the current price of $970.15. More detailed estimate data can be found on the Mettler-Toledo International Inc (MTD) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Mettler-Toledo International Inc's (MTD, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Mettler-Toledo International Inc (MTD, Financial) in one year is $1456.53, suggesting a upside of 50.13% from the current price of $970.15. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Mettler-Toledo International Inc (MTD) Summary page.
