From Seekingalpha · Sorrento Research · · 40s
Revvity Stock Holds Despite Strong Fundamentals
Revvity's high PEG ratio limits near-term gains despite strong growth outlook.
In brief
Revvity's high PEG ratio limits near-term gains despite strong growth outlook. Revvity trades at a premium to sector growth with a 2.75x forward PEG ratio, limiting near-term upside. Originally reported by Seekingalpha.
Revvity rated HOLD
Revvity Inc. is rated HOLD as strong YTD performance and positive outlook are already priced in at a 2.75x forward PEG.
Recent guidance raised
Organic revenue expected to rise 4%-5% and adjusted EPS to grow 9% YoY at the midpoint.
Valuation stretched
Revvity trades at a premium to sector growth despite strong fundamentals and secular tailwinds.
The big picture
Revvity trades at a premium to sector growth with a 2.75x forward PEG ratio, limiting near-term upside.
