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Thermo Fisher's Q2 beats expectations; price target raised to $630 with 10% upside potential.

Company Fundamentals
23 Jul 2026
Rayan Ahmad
View Source
Bullish
pluang ai news

Thermo Fisher Scientific reported strong Q2 results with adjusted EPS of $6.03 and nearly $12 billion in sales, surpassing analyst estimates. The company saw broad growth across all segments, including Life Sciences Solutions, Analytical Instruments, and Laboratory Products. A new partnership for cystic fibrosis treatment also boosted investor confidence, leading Jefferies to raise the price target to $630, suggesting a 10% upside. The stock rose 4.4% in pre-market trading following the announcement.

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