IDEXX Laboratories reported strong Q4 2024 earnings, with revenue of $954.3 million and EPS of $2.62, exceeding expectations. The company's Companion Animal Group (CAG) drove growth, contributing $870.5 million, a 6% year-over-year increase. IDXX expects organic revenue growth of 6%-9% for fiscal 2025, with EPS projected to grow 10%-15%. Analysts maintain a "Moderate Buy" rating with a mean price target of $518.50, indicating potential upside.
The stock is trading below its 50-day and 200-day moving averages, with an RSI of 44.65, suggesting it may be oversold. The MACD is negative at -6.79, indicating bearish momentum. Fibonacci resistance levels are at $440.47 and $450.58, with support at $407.74 and $397.63.
Based on strong earnings and analyst sentiment, IDXX may see a rebound. However, technical indicators suggest caution. The stock is expected to trade between $415 and $435 next week. Given its proximity to support levels and positive fundamentals, a buy recommendation is suggested, targeting resistance levels for potential upside.
The price of IDXX is predicted to go up 5.84%, based on the high correlation periods with ALLK. The similarity of these two price pattern on the periods is 97.68%.
IDXX
ALLK
Year
IDXX Price Forecast($)
Potential Return(%)
2025
417.550
-0.120
2026
573.000
31.090
2027
521.000
19.190
2028
750.000
71.580
2029
700.000
60.140
2030
750.000
71.580
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.
Piper Sandler
2025-02-10
Price Target
$435 → $510
Upside
+13.57%
Leerink Partners
2024-12-02
Price Target
$500
Upside
+15.71%
Piper Sandler
2024-11-04
Price Target
$520 → $435
Upside
+4.57%