#6 - Waters Corporation (NYSE:WAT)
The robotics sector is expected to grow tremendously as AI continues to evolve. Waters Corporation (NYSE: WAT) is one of the leading Robo-Lab stocks. Waters is in the company of Thermo Fisher Scientific Inc. (NYSE: TMO), and one of its specialties is analytical chemistry and separation techniques.
In the last year, Waters has taken steps to increase its level of automation. But that's not being accounted for yet. The reason Waters is down 4.7% for the year and has an RSI of 28 can be found in the company's February report. The company beat analysts' expectations for revenue and earnings. However, it missed on the top and bottom lines year-over-year.
That tracks with Thermo-Fisher, which also reported seeing stable, but not growing, demand in the next year. Analysts are also lukewarm on WAT stock. They have a consensus Hold rating on the stock with a price target of $325.72, which is only a 6% increase from its current price.
About Waters
Waters Corporation provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments: Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
Read More - Current Price
- $352.51
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $327.00 (7.2% Downside)
