Needham analyst David Saxon has maintained their neutral stance on NVST stock, giving a Hold rating today.
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David Saxon has given his Hold rating due to a combination of factors surrounding Envista Holdings’ recent performance and market positioning. The company exceeded expectations in both revenue and earnings per share for the third quarter of 2025, and management has adjusted its revenue and earnings guidance upwards for the year. Additionally, the Spark business has turned profitable, contributing positively to the company’s overall operating margins.
Despite these positive developments, Saxon maintains a Hold rating primarily due to the company’s valuation when compared to its peers in the dental industry. While the dental market appears stable and Envista’s growth is balanced between price and volume, the current valuation does not present a compelling case for a Buy rating. Therefore, the recommendation remains neutral, reflecting a cautious stance on future stock performance relative to its industry counterparts.