Agilent at $165? These analysts raise lab tools company's price targets after upbeat third-quarter results
Agilent Technologies, Inc. A announced better than expected fourth quarter results.
Agilent's fourth-quarter revenue rose 11% year-over-year to $1.85 billion, beating analysts' average estimate of $1.76 billion. The company reported fourth-quarter adjusted EPS of $1.53, beating the Wall Street consensus estimate of $1.39.
Fiscal 2023 revenue is expected to be $6.90-7.00 billion, with adjusted EPS of $5.61-5.69 vs. consensus of 7 .12 billion and $5.43, respectively.
Agilent stock gained 4.1% to $151.00 in premarket trading.
These analysts changed their price targets on Agilent following the release of the company's quarterly results.
SVB Leerink raised the price target on Agilent from $145 to $160. SVB Leerink analyst Puneet Souda maintained an outperform rating for the stock. Keybanc raised Agilent's price target from $155 to $165. Keybanc analyst Paul Knight maintained an overweight rating on the stock. Citigroup raised the share price target from $145 to $150. Citigroup analyst Patrick Donnelly held the stock with a neutral.© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Agilent Technologies, Inc. A announced better than expected fourth quarter results.
Agilent's fourth-quarter revenue rose 11% year-over-year to $1.85 billion, beating analysts' average estimate of $1.76 billion. The company reported fourth-quarter adjusted EPS of $1.53, beating the Wall Street consensus estimate of $1.39.
Fiscal 2023 revenue is expected to be $6.90-7.00 billion, with adjusted EPS of $5.61-5.69 vs. consensus of 7 .12 billion and $5.43, respectively.
Agilent stock gained 4.1% to $151.00 in premarket trading.
These analysts changed their price targets on Agilent following the release of the company's quarterly results.
SVB Leerink raised the price target on Agilent from $145 to $160. SVB Leerink analyst Puneet Souda maintained an outperform rating for the stock. Keybanc raised Agilent's price target from $155 to $165. Keybanc analyst Paul Knight maintained an overweight rating on the stock. Citigroup raised the share price target from $145 to $150. Citigroup analyst Patrick Donnelly held the stock with a neutral.© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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