TMO trades 29.1% below Wall Street's consensus target of $599.70.
Last 12 months price action with 12-month analyst target path
The base valuation assumes TMO achieves its forward estimates and maintains a stable P/E multiple of 18.7x. This scenario reflects the blended consensus of 42 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Thermo Fisher Scientific Inc. (TMO) has a Wall Street consensus price target of $599.70, based on estimates from 42 covering analysts. With the stock currently trading at $464.61, this represents a potential upside of +29.1%. The company has a market capitalization of $172.66B.
Analyst price targets range from a low of $490.00 to a high of $683.00, representing a 32% spread in expectations. The median target of $617.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 37 analysts rating the stock as a Buy or Strong Buy,5 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, TMO trades at a trailing P/E of 26.2x and forward P/E of 18.7x. The forward PEG ratio of 8.85 reflects a premium valuation. Analysts expect EPS to grow +35.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $620.89, with bear and bull scenarios of $391.16 and $818.08 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
DHRDanaher Corporation | $125.4B | $177.17 | $230.89 | +30.3% | Buy | 21.0x | 43 |
AAgilent Technologies, Inc. | $35.9B | $127.06 | $154.75 | +21.8% | Buy | 21.0x | 41 |
WATWaters Corporation | $23.2B | $355.44 | $395.25 | +11.2% | Hold | 24.5x | 35 |
BIOBio-Rad Laboratories, Inc. | $7.6B | $282.44 | $321.67 | +13.9% | Buy | 31.2x | 14 |
BRKRBruker Corporation | $8.7B | $57.23 | $47.67 | -16.7% | Buy | 27.0x | 32 |
MTDMettler-Toledo International Inc. | $23.1B | $1144.84 | $1392.25 | +21.6% | Hold | 24.5x | 19 |
IQVIQVIA Holdings Inc. | $28.5B | $167.77 | $219.44 | +30.8% | Buy | 13.1x | 44 |
CRLCharles River Laboratories International, Inc. | $8.9B | $185.00 | $214.14 | +15.8% | Buy | 16.7x | 37 |
MEDPMedpace Holdings, Inc. | $13.1B | $460.20 | $498.86 | +8.4% | Hold | 27.1x | 19 |
NVCRNovoCure Limited | $1.6B | $14.28 | $33.00 | +131.1% | Buy | — | 15 |
Quick answers to the most common questions about buying TMO stock.
The consensus Wall Street price target for TMO is $599.7, representing 29.1% upside from the current price of $464.61. With 42 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
TMO has a consensus rating of "Buy" based on 42 Wall Street analysts. The rating breakdown is predominantly bullish, with 37 Buy/Strong Buy ratings. The consensus 12-month price target of $599.7 implies 29.1% upside from current levels.
With a forward P/E of 18.6924x, TMO trades at a relatively low valuation. The consensus target of $599.7 implies 29.1% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $683 for TMO, while the most conservative target is $490. The consensus of $599.7 represents the median expectation. Our quantitative valuation model projects a bull case target of $818 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
TMO is heavily covered by Wall Street, with 42 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 37 have Buy ratings, 5 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month TMO stock forecast based on 42 Wall Street analysts shows a consensus price target of $599.7, with estimates ranging from $490 (bear case) to $683 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $621, with bear/bull scenarios of $391/$818.
Our quantitative valuation model calculates TMO's fair value at $621 (base case), with a bear case of $391 and bull case of $818. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
TMO trades at a forward P/E ratio of 18.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 26.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on TMO, with a "Buy" consensus rating and $599.7 price target (29.1% upside). 37 of 42 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
TMO analyst price targets range from $490 to $683, a 32% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $599.7 consensus represents the middle ground. Our model's $391-$818 range provides an independent fundamental perspective.
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