Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Revvity Inc stock hits 52-week high at 166.5 USD

Revvity Inc stock hits 52-week high at 166.5 USD

Revvity Inc's stock soared to a 52-week high of 166.5 USD, trading at 166.44 USD, just 1% short of its peak. Over the past six months, the stock surged by 90%, marking a strong year of performance with a 74.12% increase. The Pro Research Report indicates that the stock is currently overvalued. Revvity's second-quarter earnings exceeded expectations, with adjusted EPS of $1.41 and revenue of $729.68 million, both surpassing forecasts.

This success was driven by organic growth, wider margins, and AI-related demand. Stifel raised its price target to $110, maintaining a Hold rating. William Blair initiated coverage with an outperform rating, projecting a 2028 EPS of $7.23. RBC Capital set a higher price target of $135.00, highlighting the company's durable franchises. Analyst opinions on Revvity's future performance vary.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at investing.com →

More in Finance & Markets

More from Wednesday 28 October →