Thermo Fisher Scientific (TMO) Stock Forecast & Price Target

$610.17

-4.37 (-0.71%)

(As of 08/21/2024 ET)

Thermo Fisher Scientific - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 18 Analyst Ratings

Based on 18 Wall Street analysts who have issued ratings for Thermo Fisher Scientific in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 5 have given a hold rating, and 13 have given a buy rating for TMO.

Consensus Price Target

$618.94
1.44% Upside

High Forecast	$670.00
Average Forecast	$618.94
Low Forecast	$475.00

According to the 18 analysts' twelve-month price targets for Thermo Fisher Scientific, the average price target is $618.94. The highest price target for TMO is $670.00, while the lowest price target for TMO is $475.00. The average price target represents a forecasted upside of 1.44% from the current price of $610.17.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	11 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$618.94	$605.63	$607.35	$633.50
Forecasted Upside	1.44% Upside	13.46% Upside	13.69% Upside	12.08% Upside

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TMO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Thermo Fisher Scientific Stock vs. The Competition

Type	Thermo Fisher Scientific	Medical Companies	S&P 500
Consensus Rating Score	2.72	2.75	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.44% Upside	5,586.21% Upside	8.75% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	TD Cowen 4 of 5 stars	Boost Target	Buy ➝ Buy	$648.00 ➝ $658.00	+10.32%
7/25/2024	Raymond James 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$650.00 ➝ $660.00	+9.56%
7/25/2024	Royal Bank of Canada 4 of 5 stars	Boost Target	Outperform ➝ Outperform	$660.00 ➝ $664.00	+10.67%
7/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$600.00 ➝ $615.00	+3.47%
7/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$620.00 ➝ $632.00	+9.95%
7/2/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$615.00 ➝ $600.00	+11.45%
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6/28/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$615.00 ➝ $600.00	+8.49%
6/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Buy	$600.00 ➝ $650.00	+14.44%
4/30/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$660.00 ➝ $670.00	+17.13%
4/25/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$600.00 ➝ $610.00	+6.54%
4/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$600.00 ➝ $650.00	+12.53%
4/10/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$550.00 ➝ $640.00	+10.94%
3/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$620.00	+6.70%
1/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
12/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$575.00	+15.58%
10/26/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
10/25/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$475.00	+11.02%
10/24/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$640.00 ➝ $600.00	+29.92%
7/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$620.00	+17.89%
2/2/2023	SVB Leerink Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$620.00 ➝ $630.00	+7.26%
2/2/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$690.00 ➝ $711.00	+21.05%
10/27/2022	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:01 AM ET.

TMO Forecast - Frequently Asked Questions

What is Thermo Fisher Scientific's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Thermo Fisher Scientific is $618.94, with a high forecast of $670.00 and a low forecast of $475.00.
Should I buy or sell Thermo Fisher Scientific stock right now?: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Thermo Fisher Scientific in the last twelve months. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TMO shares.
Does Thermo Fisher Scientific's stock price have much upside?: According to analysts, Thermo Fisher Scientific's stock has a predicted upside of 11.69% based on their 12-month stock forecasts.
What analysts cover Thermo Fisher Scientific?: Thermo Fisher Scientific has been rated by research analysts at Barclays, Evercore ISI, Jefferies Financial Group, Raymond James, Robert W. Baird, Royal Bank of Canada, Stifel Nicolaus, and TD Cowen in the past 90 days.
Do Wall Street analysts like Thermo Fisher Scientific more than its competitors?: Analysts like Thermo Fisher Scientific less than other "medical" companies. The consensus rating score for Thermo Fisher Scientific is 2.72 while the average consensus rating score for "medical" companies is 2.75. Learn more on how TMO compares to other companies.