Linde falls after its guidance fails to wow the market. We've seen this movie before
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Source: CNBC
Linde's Performance: Industrial gas supplier Linde reported strong revenue and earnings growth in the third quarter, demonstrating resilience in a challenging macroeconomic environment.
Market Conditions: The company's performance highlights its ability to thrive despite sluggish industrial conditions.
Analyst Views on LIN
Wall Street analysts forecast LIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LIN is 499.07 USD with a low forecast of 455.00 USD and a high forecast of 540.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 445.640
Low
455.00
Averages
499.07
High
540.00
Current: 445.640
Low
455.00
Averages
499.07
High
540.00
About LIN
Linde plc is a United Kingdom-based industrial gases and engineering company. The Company’s segments include Americas, EMEA, APAC and Engineering. The Company’s primary products in its industrial gases business consists of atmospheric gases, such as oxygen, nitrogen, argon, and rare gases and process gases, including hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, and acetylene, among others. It also designs and builds equipment that produces industrial gases and offers customers a range of gas production and processing services, such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants. It serves a diverse group of industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. Its Engineering business designs and manufactures equipment for air separation and other industrial gas applications specifically for end customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
