Omnicell Target Price Lowered Amid Uncertain Growt…
From Financial Modeling Prep: 2024-11-11 07:48:00
BofA Securities analysts adjusted Omnicell’s price target from $57 to $54, maintaining a Neutral rating. The latest survey projects 2025 pharmacy IT budget growth of 4%, slightly lower than in 2024. Positive capital expenditure trends and new product offerings support potential growth, but long-term revenue trajectory remains uncertain.
Despite a strong position in the pharmacy automation market, Omnicell’s future growth is clouded by limited visibility on the product revenue ramp.
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