A Glimpse Into The Expert Outlook On Waters Through 4 Analysts
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for Waters Corporation (NYSE:WAT), showing a positive shift in sentiment. Over the past quarter, 4 analysts have provided diverse opinions, with recent updates indicating a move towards more favorable views. The average 12-month price target for WAT has increased to $301.25, up 13.68% from the previous $265.00. This change reflects analysts' responses to market dynamics and Waters's performance, including its strong financial indicators such as revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.
February 12, 2024 | 6:00 pm
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POSITIVE IMPACT
Waters Corporation (NYSE:WAT) sees a positive shift in analyst sentiment with an updated average 12-month price target of $301.25, reflecting a 13.68% increase. Strong financial performance indicators such as revenue growth and net margin are likely contributing factors.
The positive shift in analyst sentiment towards Waters Corporation is likely due to its strong financial performance, including a notable revenue growth rate and a high net margin. The increase in the average price target suggests analysts are optimistic about the company's future performance, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100