7 Analysts Have This to Say About Revvity
Portfolio Pulse from Benzinga Insights
Revvity (NYSE:RVTY) received 7 analyst ratings in the last quarter, with 1 bullish, 4 somewhat bullish, and 2 indifferent. The average 12-month price target is $117.0, a decrease from the previous $138.33, indicating a potential 15.42% downside. Analysts use various methods to rate stocks, typically updating their ratings quarterly or after significant company events.
December 13, 2023 | 1:01 pm
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NEGATIVE IMPACT
Revvity's average analyst price target has been lowered to $117.0, suggesting a potential 15.42% decrease from the previous target of $138.33.
The reduction in the average price target for Revvity by analysts suggests a bearish outlook on the stock in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price. The confidence level is high due to the clear consensus among analysts and the significant decrease in the price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100