Thermo Fisher Scientific (TMO) Stock Forecast & Price Target

$511.83 -2.37 (-0.46%)

(As of 02:21 PM ET)

Thermo Fisher Scientific - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
4

Buy
18

Based on 22 Wall Street analysts who have issued ratings for Thermo Fisher Scientific in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 4 have given a hold rating, 17 have given a buy rating, and 1 has given a strong buy rating for TMO.

Consensus Price Target

$649.33
26.87% Upside

According to the 22 analysts' twelve-month price targets for Thermo Fisher Scientific, the average price target is $649.33. The highest price target for TMO is $718.00, while the lowest price target for TMO is $575.00. The average price target represents a forecasted upside of 26.87% from the current price of $511.83.

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TMO Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$649.33	$649.33	$630.41	$593.94
Forecasted Upside	26.87% Upside	17.13% Upside	2.82% Upside	21.18% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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TMO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Thermo Fisher Scientific Stock vs. The Competition

Type	Thermo Fisher Scientific	Medical Companies	S&P 500
Consensus Rating Score	2.86	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	27.18% Upside	24,797.33% Upside	6.96% Upside
News Sentiment Rating	Positive News See Recent TMO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/24/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$625.00 ➝ $620.00	+10.17%
10/24/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$767.00 ➝ $718.00	+27.51%
10/24/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Buy ➝ Buy	$680.00 ➝ $665.00	+17.72%
10/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$630.00 ➝ $620.00	+9.38%
10/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Couillard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$670.00 ➝ $660.00	+16.46%
10/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$632.00 ➝ $622.00	+7.89%
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10/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$620.00 ➝ $610.00	+6.63%
10/22/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$656.00 ➝ $686.00	+16.92%
10/22/2024	Bernstein Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$565.00 ➝ $625.00	+6.30%
10/14/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Clark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$680.00	+13.74%
10/1/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Johnson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$680.00	+9.93%
9/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $670.00	+9.13%
9/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$655.00 ➝ $680.00	+10.95%
9/16/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leonard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $675.00	+10.44%
7/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$650.00 ➝ $660.00	+9.56%
6/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Buy	$600.00 ➝ $650.00	+14.44%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$660.00 ➝ $670.00	+17.13%
4/25/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $610.00	+6.54%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$550.00 ➝ $640.00	+10.94%
3/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$620.00	+6.70%
12/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$575.00	+15.58%
10/26/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Sector Weight
7/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$620.00	+17.89%
2/2/2023	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$620.00 ➝ $630.00	+7.26%
2/2/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$690.00 ➝ $711.00	+21.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:48 PM ET.

Should I Buy Thermo Fisher Scientific Stock? TMO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Thermo Fisher Scientific pros and cons to contact@marketbeat.com.

Thermo Fisher Scientific
Bull Case

Here are some ways that investors could benefit from investing in Thermo Fisher Scientific Inc.:

The company has a strong dividend yield of 0.30%, which can provide a steady income stream for investors. The annualized dividend is $1.56, and the payout ratio is only 9.78%, indicating that the company retains a significant portion of its earnings for growth.
Recent analyst ratings show a positive outlook, with 17 analysts assigning a buy rating and one a strong buy rating. This suggests strong confidence in the company's future performance.
Thermo Fisher Scientific Inc. has a current stock price around $610.00, which is seen as a reasonable entry point given the company's growth potential and recent price target adjustments by analysts.
The company has initiated a stock buyback program, allowing it to repurchase up to 2% of its stock. This often indicates that management believes the stock is undervalued, which can lead to price appreciation.
Thermo Fisher Scientific Inc. operates in diverse sectors, including life sciences and biopharma services, which positions it well to benefit from ongoing advancements in healthcare and research.

Thermo Fisher Scientific
Bear Case

Investors should be bearish about investing in Thermo Fisher Scientific Inc. for these reasons:

Despite the positive outlook, some analysts have recently lowered their price targets, indicating potential concerns about short-term performance or market conditions.
The stock has a relatively low dividend payout ratio, which, while indicating retained earnings for growth, may also suggest that the company is not prioritizing immediate returns to shareholders.
Market volatility can impact the stock price, and with recent adjustments in analyst ratings, there may be uncertainty regarding the company's ability to meet growth expectations.
Thermo Fisher Scientific Inc. operates in a highly competitive industry, which can pose risks to market share and profitability, especially if competitors introduce innovative products or services.
Economic factors, such as changes in healthcare funding or research budgets, could adversely affect the company's revenue streams and overall financial health.

TMO Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Thermo Fisher Scientific is $649.33, with a high forecast of $718.00 and a low forecast of $575.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Thermo Fisher Scientific in the last twelve months. There are currently 4 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TMO shares.
: According to analysts, Thermo Fisher Scientific's stock has a predicted upside of 26.87% based on their 12-month stock forecasts.
: Over the previous 90 days, Thermo Fisher Scientific's stock had 1 upgrade by analysts.
: Thermo Fisher Scientific has been rated by research analysts at Bank of America, Barclays, Bernstein Bank, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Redburn Atlantic, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Stephens, Stifel Nicolaus, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Thermo Fisher Scientific more than other "medical" companies. The consensus rating score for Thermo Fisher Scientific is 2.86 while the average consensus rating score for "medical" companies is 2.80. Learn more on how TMO compares to other companies.

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This page (NYSE:TMO) was last updated on 11/26/2024 by MarketBeat.com Staff

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Thermo Fisher Scientific (TMO) Stock Forecast & Price Target