Danaher Corporation’s stock price may experience a short-term decrease following a recent price target increase by Barclays.
Stock AI’s forecasts:
🔴 -10.7% short-term ⬇️
🟢 +1.0% long-term ⬆️
Stock AI’s (DHR) Forecast get (+7.7% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $DHR ($253.9), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $234.3 (🔴-7.7%). Selling DHR on this signal yielded a +7.7% profit 💰💰.
DHR-Danaher Corporation News
🔴 Danaher had its price objective hoisted by Barclays to $260.00, with an equal weight rating on the stock. (Negative impact)
🟢 Danaher is set to announce earnings results before the market opens on April 23rd. (Positive impact)
🟢 HSBC upgraded Danaher from hold to buy rating with a target price of $280.00. (Positive impact)
🔴 Zacks Research decreased their Q1 2024 earnings estimates for Danaher. (Negative impact)
🔴 Several investment firms reduced their stake in Danaher during the fourth quarter. (Negative impact)
🟢 Danaher’s share price gapped up following a stronger than expected earnings report. (Positive impact)
Danaher Corporation has been the subject of various analyst reports and upgrades, leading to mixed sentiments in the market. The positive news such as the earnings results announcement and upgrades from HSBC have boosted investor confidence, potentially increasing the stock price in the short term. On the other hand, the reduced earnings estimates and stake reductions by investment firms have caused some concerns, leading to a negative impact on the stock price forecast. Overall, the stock may experience fluctuations in the short term but could see a modest increase in the long term. Investors should closely monitor developments and adjust their strategies accordingly.
DHR-Danaher Corporation Analyst Ratings
📈 Barclays raised their price target on Danaher (NYSE:DHR) stock from $240.00 to $260.00.
📉 Leerink Partnrs cut their Q3 2024 earnings estimates for Danaher.
📈 HSBC upgraded Danaher (NYSE:DHR) stock from a hold rating to a buy rating.
Sources:
1. Barclays raises Danaher price target to $260.00
2. Leerink Partnrs cut Q3 2024 earnings estimates for Danaher
3. HSBC upgrades Danaher to buy rating
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
Ready to analyze your own portfolio?
Get the same AI-powered insights for any stock you choose. It's easy!
