Right here’s What Analysts Are Saying About IDEXX Laboratories (IDXX)

IDEXX Laboratories, Inc. (NASDAQ:IDXX) is one in every of one of the best pet shares to purchase in response to hedge funds. On February 9, Piper Sandler lower the value goal on IDEXX Laboratories, Inc. (NASDAQ:IDXX) to $750 from $775 whereas sustaining a Impartial ranking on the shares. The ranking replace got here after the corporate’s quarterly outcomes, with the agency telling buyers that its up to date value goal primarily takes under consideration its up to date a number of and rolling ahead of estimates to 2027 from 2026.

Jim Cramer on IDEXX Laboratories, Inc. (IDXX): “I Just Can't Get My Arms Around It” — Jim Cramer on IDEXX Laboratories, Inc. (IDXX): “I Simply Cannot Get My Arms Round It”

Barclays additionally revised the value goal on IDEXX Laboratories, Inc. (NASDAQ:IDXX) on February 5, bringing it right down to $800 from $850 whereas preserving an Obese ranking on the shares. It up to date the corporate’s mannequin after the fiscal This fall report, stating that the fiscal 2026 outlook “underwhelmed.”

In one other improvement, UBS lower the value goal on IDEXX Laboratories, Inc. (NASDAQ:IDXX) to $730 from $750 on February 3 and maintained a Impartial ranking on the shares. It said that the print exhibited blended alerts, with early advantages from rising diagnostic use amongst getting old “pandemic puppies” and pricing power serving to keep a premium. Nonetheless, fiscal This fall additionally raised issues concerning muted fiscal Q1 progress, slower inVue placements in Yr 2, and a softer 2026 gross margin outlook. UBS added that danger/reward seems balanced pending clearer proof that current pricing premiums are sustainable, with macro headwinds and fewer near-term margin growth drivers.

IDEXX Laboratories, Inc. (NASDAQ:IDXX) develops, manufactures, and distributes services and products for the veterinary, animal, livestock and poultry, dairy, and water testing markets. It operates by means of the next segments: Companion Animal Group (CAG), Water High quality Merchandise (Water), Livestock, Poultry, and Dairy (LPD), and Different.

Whereas we acknowledge the potential of IDXX as an funding, we imagine sure AI shares provide larger upside potential and carry much less draw back danger. If you happen to’re searching for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory.

Disclosure: None. This text is initially printed at Insider Monkey.