Thermo Fisher Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Thermo Fisher stock have an average target of 601.69, with a low estimate of 520 and a high estimate of 670. The average target predicts an increase of 12.60% from the current stock price of 534.35.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$520	$601.69	$610	$670
Change	-2.69%	+12.60%	+14.16%	+25.39%

Analyst Ratings

The average analyst rating for Thermo Fisher stock from 19 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	7	6	6	6	7	7
Buy	11	10	9	9	9	7
Hold	3	4	4	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	22	21	20	20	21	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vijay Kumar Evercore ISI Group	Evercore ISI Group	Buy Maintains $615 → $600	Buy	Maintains	$615 → $600	+12.29%	Jul 2, 2024
Luke Sergott Barclays	Barclays	Hold Maintains $615 → $600	Hold	Maintains	$615 → $600	+12.29%	Jun 28, 2024
Tycho Peterson Jefferies	Jefferies	Hold → Strong Buy Initiates $600 → $650	Hold → Strong Buy	Initiates	$600 → $650	+21.64%	Jun 3, 2024
Rajesh Kumar HSBC	HSBC	Strong Buy Maintains $660 → $670	Strong Buy	Maintains	$660 → $670	+25.39%	Apr 30, 2024
Rachel Vatnsdal JP Morgan	JP Morgan	Buy Maintains $600 → $650	Buy	Maintains	$600 → $650	+21.64%	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	-	-	-	-	-	24.35	21.75	19.45	17.15	15.11
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.