Technical Analysis: Based on the latest price data, IDXX closed at $444.53 on February 14, 2025, showing a significant decline of 3.31% . The stock is currently displaying bearish momentum with RSI(14) at 50.84, indicating neutral territory but with downward pressure.
Price Levels and Support/Resistance:
Market Sentiment & News Impact:
Insider Activity: Negative insider sentiment observed with increased selling activity, including a notable sale by Director Sophie Vandebroek in November 2024.
Price Prediction for Next Week: Based on technical indicators and recent price action:
Trading Recommendation: SELL
Rationale:
The price of IDXX is predicted to go up 11.75%, based on the high correlation periods with RH. The similarity of these two price pattern on the periods is 96.83%.
IDXX
RH
Year
IDXX Price Forecast($)
Potential Return(%)
2025
417.550
-0.120
2026
500.000
18.470
2027
550.000
30.320
2028
550.000
30.320
2029
650.000
54.010
2030
650.000
54.010
Unlike human healthcare, pet health services and products require cash payments-thereby bypassing the reimbursement issues and pricing pressure associated with third-party payers.
Anecdotal information from vets suggests that Idexx's well-integrated and user-friendly practice management software helps hospitals switch to and stick with Idexx's products and services.
Idexx's sales and customer support staff garner high marks for providing high-touch service to vet practices.
Stifel
2024-10-10
Price Target
$510 → $500
Upside
+5.65%