IDEXX Laboratories, Inc. (IDXX)

IDEXX Laboratories Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for IDEXX Laboratories stock have an average target of 539.63, with a low estimate of 435 and a high estimate of 650. The average target predicts an increase of 24.81% from the current stock price of 432.36.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$435	$539.63	$575	$650
Change	+0.61%	+24.81%	+32.99%	+50.34%

* Price targets were last updated on Dec 2, 2024.

Analyst Ratings

The average analyst rating for IDXX stock from 8 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	2	2	2	2	2	2
Buy	3	3	3	3	3	4
Hold	3	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	8	7	7	7	7	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Daniel Clark Leerink Partners	Leerink Partners	Buy Initiates $500	Buy	Initiates	$500	+15.64%	Dec 2, 2024
David Westenberg Piper Sandler	Piper Sandler	Hold Reiterates $520 → $435	Hold	Reiterates	$520 → $435	+0.61%	Nov 4, 2024
Balaji Prasad Barclays	Barclays	Buy Maintains $570 → $481	Buy	Maintains	$570 → $481	+11.25%	Nov 4, 2024
Chris Schott JP Morgan	JP Morgan	Buy Maintains $630 → $575	Buy	Maintains	$630 → $575	+32.99%	Oct 11, 2024
Jonathan Block Stifel	Stifel	Hold Maintains $510 → $500	Hold	Maintains	$510 → $500	+15.64%	Oct 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.96B

Increased by 8.09%

from 3.66B

Revenue Next Year

4.24B

Increased by 7.25%

from 3.96B

EPS This Year

10.76

Increased by 6.98%

from 10.06

EPS Next Year

12.22

Increased by 13.57%

from 10.76

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	2.41B	2.71B	3.22B	3.37B	3.66B	3.96B	4.24B	4.61B
Revenue Growth	8.75%	12.45%	18.79%	4.73%	8.72%	8.09%	7.25%	8.55%
EPS	4.89	6.71	8.60	8.03	10.06	10.76	12.22	13.82
EPS Growth	14.79%	37.22%	28.17%	-6.63%	25.28%	6.98%	13.57%	13.10%
Forward PE	-	-	-	-	-	40.17	35.37	31.28
No. Analysts	-	-	-	-	-	18	18	15

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	4.1B	4.4B	4.8B
Avg	4.0B	4.2B	4.6B
Low	3.8B	4.0B	4.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.6%	11.5%	13.9%
Avg	8.1%	7.3%	8.6%
Low	3.6%	1.5%	1.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	11.59	12.87	14.63
Avg	10.76	12.22	13.82
Low	10.20	11.25	12.92

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	15.2%	19.6%	19.7%
Avg	7.0%	13.6%	13.1%
Low	1.4%	4.5%	5.7%

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.