David Farrell, an analyst from Jefferies, maintained the Hold rating on Oxford Instruments. The associated price target remains the same with p2,120.00.
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David Farrell’s rating is based on several factors impacting Oxford Instruments. The company’s core Imaging & Analysis division has faced challenges due to global economic uncertainties, leading to a decline in orders and expected revenue. This has resulted in a downward revision of EBITA and revenue forecasts for the first half of the fiscal year 2026. The lower operational throughput in this high-margin segment is expected to negatively affect the company’s financial performance.
While the Advanced Technologies segment has shown positive order intake, it is also expected to experience a revenue decline in the first half. Despite some optimism for a recovery in the second half, there remains uncertainty about whether this recovery has been fully de-risked. These factors combined have led David Farrell to issue a Hold rating, suggesting a cautious approach given the current market conditions and the company’s financial outlook.
According to TipRanks, Farrell is a 4-star analyst with an average return of 11.7% and a 66.67% success rate. Farrell covers the Industrials sector, focusing on stocks such as Volution, QinetiQ, and ZIGUP plc.
In another report released on October 2, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a p2,014.00 price target.