Thermo Fisher Stock Forecast

Stock Price Forecast

According to 29 analysts polled by S&P Global, Thermo Fisher stock has a consensus rating of "Buy" and an average price target of $645.15. The average 1-year stock price forecast is 5.43% higher than the current stock price, while the lowest is $520 (-15.02%) and the highest is $750 (+22.56%).

Price Target: $645.15 (+5.43%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$520	$645.15	$650	$750
Change	-15.02%	+5.43%	+6.22%	+22.56%

Analyst Ratings

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

Recommendation Trends

Chart

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	19	19	18	19	19	19
Buy	5	5	5	3	3	4
Hold	2	3	6	6	5	5
Sell	0	0	0	0	1	1
Strong Sell	0	0	0	0	0	0
Total	26	27	29	28	28	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Doug Schenkel Wolfe Research	Wolfe Research	Buy Initiates $540 → $730	Buy	Initiates	$540 → $730	+19.30%	Sep 8, 2026
Michael Luo CFA CLSA	CLSA	Buy Initiates $748	Buy	Initiates	$748	+22.24%	Sep 3, 2026
Daniel Arias Stifel Nicolaus	Stifel Nicolaus	Buy Reiterates $600 → $650	Buy	Reiterates	$600 → $650	+6.22%	Aug 5, 2026
Casey Woodring J.P. Morgan	J.P. Morgan	Buy Maintains $690	Buy	Maintains	$690	+12.76%	Jul 29, 2026
Jill Wu CMB International Securities	CMB International Securities	Buy Maintains $620 → $660	Buy	Maintains	$620 → $660	+7.86%	Jul 27, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

47.87B

from 44.56B

7.45%

from 44.56B

Revenue Next Year

50.33B

from 47.87B

5.12%

from 47.87B

EPS This Year

25.13

from 22.87

9.89%

from 22.87

EPS Next Year

27.53

from 25.13

9.55%

from 25.13

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	39.21B	44.92B	42.86B	42.88B	44.56B	47.87B
Revenue Growth	21.71%	14.55%	-4.58%	0.05%	3.91%	7.45%
Gross Profit	19.64B	18.97B	17.10B	17.75B	18.30B	19.98B
Gross Margin	50.08%	42.24%	39.90%	41.39%	41.08%	41.73%
Operating Income	10.37B	8.56B	7.32B	7.73B	8.36B	11.23B
Net Income	7.73B	6.95B	6.00B	6.34B	6.70B	7.48B
EPS	-	-	-	-	22.87	25.13
EPS Growth	-	-	-	-	4.62%	9.89%
Forward PE	32.55	25.00	24.65	22.87	24.05	24.35
Dividend / Share	1.04	1.20	1.40	1.56	1.72	1.85
Dividend Growth	18.18%	15.38%	16.67%	11.43%	10.26%	7.38%
Free Cash Flow	5.58B	5.80B	5.10B	6.63B	4.39B	7.38B
No. Analysts	-	-	-	-	-	26

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	48.2B
Avg	47.9B
Low	47.7B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	8.2%
Avg	7.4%
Low	7.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	25.40
Avg	25.13
Low	24.98

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	11.1%
Avg	9.9%
Low	9.2%