Goldman Sachs Keeps Their Hold Rating on PerkinElmer (PKI)

Goldman Sachs analyst Matthew Sykes maintained a Hold rating on PerkinElmer (PKIResearch Report) today and set a price target of $175.00. The company’s shares closed last Thursday at $132.06.

According to, Sykes ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.5% and a 39.4% success rate. Sykes covers the Healthcare sector, focusing on stocks such as Singular Genomics Systems, Nautilus Biotechnolgy, and Mettler-Toledo.

Currently, the analyst consensus on PerkinElmer is a Hold with an average price target of $165.00, a 23.6% upside from current levels. In a report issued on July 5, Evercore ISI also downgraded the stock to Hold with a $150.00 price target.

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PerkinElmer’s market cap is currently $17.29B and has a P/E ratio of 22.43.

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PerkinElmer, Inc. engages in the provision of products, services, and solutions for diagnostics, food, environmental, life sciences, and applied markets. It operates through the following segments: Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment comprises of technologies that help life sciences researchers better understand diseases and develop treatments. The Diagnostics segment offers instruments, reagents, assay platforms, and software to hospitals, medical labs, clinicians, and medical research professionals to help improve the health of families. The company was founded by Richard Scott Perkin and Charles W. Elmer on April 19, 1937 and is headquartered in Waltham, MA.

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