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 0.99% from the current stock price of 597.15.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$520	$603.06	$615	$670
Change	-12.92%	+0.99%	+2.99%	+12.20%

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	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	7	7	7	6	6	6
Buy	13	11	11	10	9	9
Hold	1	3	3	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	22	22	22	21	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rajesh Kumar HSBC	HSBC	Strong Buy Maintains $660 → $670	Strong Buy	Maintains	$660 → $670	+12.20%	Apr 30, 2024
Luke Sergott Barclays	Barclays	Hold Maintains $590 → $615	Hold	Maintains	$590 → $615	+2.99%	Apr 25, 2024
Justin Bowers Deutsche Bank	Deutsche Bank	Strong Buy Maintains $600 → $610	Strong Buy	Maintains	$600 → $610	+2.15%	Apr 25, 2024
Tycho Peterson JP Morgan	JP Morgan	Buy Maintains $600 → $650	Buy	Maintains	$600 → $650	+8.85%	Apr 25, 2024
Catherine Schulte Baird	Baird	Buy Maintains $621 → $620	Buy	Maintains	$621 → $620	+3.83%	Apr 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

43.27B

from 42.86B

0.97%

from 42.86B

Revenue Next Year

46.39B

from 43.27B

7.20%

from 43.27B

EPS This Year

21.78

from 15.45

40.96%

from 15.45

EPS Next Year

24.36

from 21.78

11.84%

from 21.78

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	25.54B	32.22B	39.21B	44.92B	42.86B	43.27B	46.39B	49.65B	52.74B	55.27B
Revenue Growth	4.86%	26.14%	21.71%	14.55%	-4.58%	0.97%	7.20%	7.02%	6.24%	4.79%
EPS	9.17	15.96	19.46	17.63	15.45	21.78	24.36	27.14	31.15	35.36
EPS Growth	26.66%	74.05%	21.93%	-9.40%	-12.37%	40.96%	11.84%	11.43%	14.79%	13.51%
No. Analysts	-	-	-	-	-	30	30	17	6	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	45.4B	49.3B	52.7B	55.9B	59.0B
Avg	43.3B	46.4B	49.6B	52.7B	55.3B
Low	41.6B	44.3B	47.3B	50.1B	52.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	6.0%	14.0%	13.6%	12.5%	11.8%
Avg	1.0%	7.2%	7.0%	6.2%	4.8%
Low	-3.0%	2.3%	1.9%	1.0%	0.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	23.00	26.58	28.96	35.50	40.86
Avg	21.78	24.36	27.14	31.15	35.36
Low	20.88	21.81	25.23	29.23	32.12

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	48.8%	22.1%	18.9%	30.8%	31.1%
Avg	41.0%	11.8%	11.4%	14.8%	13.5%
Low	35.2%	0.1%	3.6%	7.7%	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.