IDEXX Laboratories, Inc. (IDXX)
NASDAQ: IDXX · IEX Real-Time Price · USD
539.93
+0.36 (0.07%)
At close: Mar 28, 2024, 4:00 PM
540.21
+0.28 (0.05%)
After-hours: Mar 28, 2024, 6:47 PM EDT

IDEXX Laboratories Stock Forecast

Stock Price Forecast

The 7 analysts with 12-month price forecasts for IDEXX Laboratories stock have an average target of 588.57, with a low estimate of 460 and a high estimate of 655. The average target predicts an increase of 9.01% from the current stock price of 539.93.

Analyst Consensus: Buy
Target Low Average Median High
Price $460 $588.57 $600 $655
Change -14.80% +9.01% +11.13% +21.31%
* Price targets were last updated on Feb 6, 2024.

Analyst Ratings

The average analyst rating for IDXX stock from 7 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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 344333
Hold 222333
Sell 000000
Strong Sell 000000
Total 677777

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Buy
Maintains
$600$630
Buy Maintains $600$630 +16.68% Feb 6, 2024
Barclays
Barclays
Buy
Maintains
$605$655
Buy Maintains $605$655 +21.31% Feb 6, 2024
Piper Sandler
Piper Sandler
Hold
Downgrades
$525
Hold Downgrades $525 -2.77% Jan 30, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$500$650
Strong Buy Maintains $500$650 +20.39% Jan 17, 2024
Piper Sandler
Piper Sandler
Buy
Maintains
$520$525
Buy Maintains $520$525 -2.77% Nov 6, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
4.08B
from 3.66B
Increased by 11.34%
Revenue Next Year
4.49B
from 4.08B
Increased by 10.08%
EPS This Year
11.36
from 10.06
Increased by 12.91%
EPS Next Year
12.97
from 11.36
Increased by 14.19%
Year 201920202021202220232024202520262027
Revenue
2.41B2.71B3.22B3.37B3.66B4.08B4.49B4.93B5.20B
Revenue Growth
8.75%12.45%18.79%4.73%8.72%11.34%10.08%9.90%5.35%
EPS
4.896.718.608.0310.0611.3612.9714.8014.89
EPS Growth
14.79%37.22%28.17%-6.63%25.28%12.91%14.19%14.09%0.60%
No. Analysts -----151494
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 4.2B 4.7B 5.2B 5.4B
Avg 4.1B 4.5B 4.9B 5.2B
Low 3.9B 4.2B 4.6B 4.9B

Revenue Growth

Revenue Growth 2024202520262027
High
15.6%
15.8%
16.2%
9.7%
Avg
11.3%
10.1%
9.9%
5.4%
Low
6.1%
3.4%
2.1%
0.1%

EPS Forecast

EPS 2024202520262027
High 11.88 13.86 15.97 17.03
Avg 11.36 12.97 14.80 14.89
Low 10.70 11.49 12.70 12.71

EPS Growth

EPS Growth 2024202520262027
High
18.0%
22.0%
23.1%
15.1%
Avg
12.9%
14.2%
14.1%
0.6%
Low
6.4%
1.1%
-2.1%
-14.1%
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.