Wolfe Research Upgrades Danaher: Analysts See Strong Growth Ahead
Fintel reports that on October 31, 2024, Wolfe Research improved their outlook for Danaher (XTRA:DAP), moving from Peer Perform to Outperform.
Analysts Expect Significant Price Increase
As of October 22, 2024, the average one-year price target for Danaher stands at 271.70 €/share. The forecasts indicate a low of 219.00 € and a high of 321.26 €. This average target suggests a potential increase of 20.76% from its last reported closing price of 225.00 € / share.
Projected Revenue and Earnings Growth
Danaher is expected to achieve an annual revenue of 32,699 million €, reflecting a growth of 37.73%. The annual projected non-GAAP EPS is estimated at 11.16.
Investors Show Increased Confidence
Currently, 3,506 funds or institutions hold positions in Danaher, which is a rise of 16 owners (0.46%) over the last quarter. The average portfolio weight assigned to DAP by all funds is 0.64%, up by 1.38%. Institutional ownership of Danaher shares increased by 3.18% in the past three months, totaling 675,139K shares.
Wellington Management Group LLP owns 24,478K shares, indicating 3.39% ownership. They previously held 26,725K shares, marking a decrease of 9.18%. Their allocation to DAP decreased by 7.66% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares currently holds 21,066K shares, accounting for 2.92% ownership. The firm’s previous holding was 20,931K shares, showing a gain of 0.64%. However, their allocation in DAP went down by 2.08% recently.
Price T Rowe Associates increased their stake to 19,387K shares, representing 2.68% ownership, up from 16,150K shares, a notable increase of 16.69%. They have shifted their portfolio allocation upwards by 17.26% last quarter.
Capital International Investors now has 17,533K shares, or 2.43% ownership, rising from 15,084K shares for a gain of 13.97%. This institution also raised their allocation by 18.26% compared to the previous quarter.
VFINX – Vanguard 500 Index Fund Investor Shares owns 16,919K shares, representing 2.34% ownership. They owned 16,573K shares before, marking a rise of 2.05%. However, their allocation to DAP saw a decrease of 3.31% over the last quarter.
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This story originally appeared on Fintel.
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