Thermo Fisher Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Thermo Fisher stock have an average target of 603.06, with a low estimate of 520 and a high estimate of 670. The average target predicts an increase of 6.43% from the current stock price of 566.63.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$520	$603.06	$615	$670
Change	-8.23%	+6.43%	+8.54%	+18.24%

Analyst Ratings

The average analyst rating for Thermo Fisher stock from 20 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	7	7	6	6	6	7
Buy	11	11	10	9	9	8
Hold	3	3	4	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	22	22	21	20	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tycho Peterson Jefferies	Jefferies	Hold → Strong Buy Initiates $600 → $650	Hold → Strong Buy	Initiates	$600 → $650	+14.71%	Jun 3, 2024
Rajesh Kumar HSBC	HSBC	Strong Buy Maintains $660 → $670	Strong Buy	Maintains	$660 → $670	+18.24%	Apr 30, 2024
Luke Sergott Barclays	Barclays	Hold Maintains $590 → $615	Hold	Maintains	$590 → $615	+8.54%	Apr 25, 2024
Justin Bowers Deutsche Bank	Deutsche Bank	Strong Buy Maintains $600 → $610	Strong Buy	Maintains	$600 → $610	+7.65%	Apr 25, 2024
Tycho Peterson JP Morgan	JP Morgan	Buy Maintains $600 → $650	Buy	Maintains	$600 → $650	+14.71%	Apr 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

43.42B

from 42.86B

1.32%

from 42.86B

Revenue Next Year

46.55B

from 43.42B

7.20%

from 43.42B

EPS This Year

21.94

from 15.45

42.01%

from 15.45

EPS Next Year

24.57

from 21.94

11.99%

from 21.94

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	25.54B	32.22B	39.21B	44.92B	42.86B	43.42B	46.55B	49.94B	52.74B	55.27B
Revenue Growth	4.86%	26.14%	21.71%	14.55%	-4.58%	1.32%	7.20%	7.29%	5.61%	4.79%
EPS	9.17	15.96	19.46	17.63	15.45	21.94	24.57	27.47	31.15	35.36
EPS Growth	26.66%	74.05%	21.93%	-9.40%	-12.37%	42.01%	11.99%	11.79%	13.42%	13.51%
Forward PE	-	-	-	-	-	25.83	23.06	20.63	18.19	16.02
No. Analysts	-	-	-	-	-	30	30	22	6	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	46.0B	49.1B	54.0B	55.9B	59.0B
Avg	43.4B	46.5B	49.9B	52.7B	55.3B
Low	41.5B	44.3B	47.5B	50.1B	52.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.4%	13.2%	15.9%	11.9%	11.8%
Avg	1.3%	7.2%	7.3%	5.6%	4.8%
Low	-3.2%	2.1%	2.0%	0.4%	0.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	23.16	26.84	30.74	35.50	40.86
Avg	21.94	24.57	27.47	31.15	35.36
Low	21.02	21.83	25.27	29.23	32.12

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	49.9%	22.3%	25.1%	29.2%	31.1%
Avg	42.0%	12.0%	11.8%	13.4%	13.5%
Low	36.1%	-0.5%	2.8%	6.4%	3.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.