VREX Should I Buy
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Varex Imaging Corp (VREX) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the stock has positive analyst ratings and a recent price target increase, the financial performance shows significant declines in net income, EPS, and gross margin. Additionally, the technical indicators suggest the stock is overbought, and there are no strong proprietary trading signals or significant catalysts to justify immediate entry.
The MACD histogram is positive at 0.191, indicating bullish momentum, but it is contracting. RSI is at 82.601, signaling the stock is overbought. Moving averages are converging, and the stock is trading near its resistance level (R1: 12.267). The stock has a 50% chance of minor declines (-0.86% in the next day, -1.59% in the next week).
Analyst B. Riley raised the price target to $18 from $16 and maintained a Buy rating. The company has a strong industrial segment driving revenue growth.
Net income dropped significantly (-866.67% YoY), EPS fell (-600.00% YoY), and gross margin declined (-2.86% YoY). The RSI indicates overbought conditions, and there is no recent congress trading data or significant insider/hedge fund activity.
In Q1 2026, revenue increased by 4.90% YoY to $209.6M. However, net income dropped to $2.3M (-866.67% YoY), EPS fell to $0.05 (-600.00% YoY), and gross margin decreased to 33.3% (-2.86% YoY).
B. Riley raised the price target to $18 from $16 and maintained a Buy rating. The analyst highlighted strength in the industrial segment as a key driver for the company's fiscal Q1 beat.
