Investment firm Baird has revised its price target for Waters Corporation (WAT, Financial), bringing it down from $407 to $355. Despite this adjustment, Baird has maintained its Outperform rating on the stock.
The decision to update the price target comes as the firm prepares for Waters' upcoming first-quarter earnings report. This move suggests a recalibration of expectations based on the latest market and company data, although specific reasons for the modification were not disclosed.
Investors and analysts will closely watch the company's performance in the upcoming earnings release to gauge its financial health and potential future trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Waters Corp (WAT, Financial) is $397.46 with a high estimate of $460.00 and a low estimate of $343.11. The average target implies an upside of 25.69% from the current price of $316.23. More detailed estimate data can be found on the Waters Corp (WAT) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Waters Corp's (WAT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" 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 Waters Corp (WAT, Financial) in one year is $348.77, suggesting a upside of 10.29% from the current price of $316.23. 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 Waters Corp (WAT) Summary page.
