William Blair analyst Brandon Vazquez has maintained their bullish stance on ZTS stock, giving a Buy rating on October 29.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Brandon Vazquez has given his Buy rating due to a combination of factors including Zoetis’s ability to exceed earnings expectations despite slightly lower sales figures. Although the growth in the companion animal segment has slowed to 2%, which is below market expectations, the company managed to deliver a $0.06 EPS beat, showcasing its strength in maintaining profitability.
Despite the deceleration in growth and the challenges posed by competition, Vazquez maintains an optimistic outlook on Zoetis due to its compelling valuation and potential for long-term growth. The upcoming innovation day in December is anticipated to bolster investor confidence through new product developments, which could help address concerns about future growth acceleration. Therefore, Vazquez believes that the current market conditions present a valuable opportunity for investors looking at Zoetis’s long-term prospects.
In another report released on October 29, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $164.00 price target.