Analyst Michael Ryskin of Bank of America Securities reiterated a Buy rating on Revvity (RVTY – Research Report), retaining the price target of $116.00.
Michael Ryskin has given his Buy rating due to a combination of factors that highlight Revvity’s strong performance and strategic management. The company reported a solid first quarter with $665 million in sales and a 4% growth in organic sales, alongside an adjusted EPS of $1.01. Revvity’s management has effectively navigated potential risks, such as tariffs and changes in government funding, by adjusting their supply chain and pricing strategies, which has minimized the financial impact.
Furthermore, Revvity has raised its FY25 sales guidance due to favorable foreign exchange conditions, maintaining a positive outlook for organic growth and adjusted EPS. Despite some skepticism from investors regarding the company’s ability to offset tariff impacts quickly, Ryskin believes that Revvity’s proactive measures and agility in execution justify the Buy rating. The price objective remains at $116, reflecting confidence in Revvity’s ability to outperform its peers in the current market environment.
In another report released today, Barclays also maintained a Buy rating on the stock with a $110.00 price target.
RVTY’s price has also changed moderately for the past six months – from $117.490 to $95.060, which is a -19.09% drop .