4 Analysts Have This To Say About Revvity
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for Revvity (NYSE:RVTY), showing a positive shift in sentiment with an average 12-month price target of $123.25, up 13.59% from the previous $108.50. The company, operating in diagnostics and discovery/analytical solutions, faces a revenue decline of -6.11% over the last 3 months but maintains a strong net margin of 11.29%. Despite challenges in revenue growth and ROE, Revvity's prudent debt management and profitability are highlighted.
April 30, 2024 | 4:01 pm
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Revvity's stock sentiment has improved among analysts, with a raised 12-month price target to $123.25, indicating a bullish outlook despite recent revenue challenges.
The positive revision of Revvity's price target by analysts, despite a revenue decline, suggests a strong belief in the company's long-term value and profitability. This bullish sentiment, supported by a high net margin and effective debt management, could lead to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100