Tycho Peterson, an analyst from Jefferies, maintained the Hold rating on Revvity (RVTY – Research Report). The associated price target was lowered to $106.00.
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Tycho Peterson has given his Hold rating due to a combination of factors impacting Revvity’s stock. The company has shown resilience in navigating significant tariff challenges, particularly with products exported from the U.S. to China. Despite these efforts, the stock has remained relatively flat, which raises questions about the company’s ability to sustain its operational momentum.
Moreover, while Revvity’s software business is emerging as a key growth driver, contributing significantly to the company’s performance, there are still uncertainties regarding the sustainability of this growth. Additionally, the company has maintained its organic growth guidance and earnings per share targets, but the lowered operating margin guidance indicates potential pressures. These mixed signals contribute to a cautious outlook, justifying the Hold rating.
In another report released on April 17, Wells Fargo also maintained a Hold rating on the stock with a $102.00 price target.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RVTY in relation to earlier this year.