
NVST Stock Forecast & Price Target
NVST Analyst Ratings
Bulls say
Envista Holdings Corp demonstrated robust financial performance, with a gross margin of 57.2%, reflecting a year-over-year increase of 470 basis points, significantly surpassing consensus expectations. The company is poised for future growth, supported by potential market improvements, faster expansion of its Spark product line, and anticipated margin enhancements due to ongoing cost reduction initiatives. Additionally, with a forecast for 1-3% core revenue growth, Envista is positioned to outperform the overall dental market, which is projected to grow at a modest 0-2%.
Bears say
Envista Holdings Corp faces a negative outlook primarily due to stagnating revenue growth expectations, with guidance indicating flat to declining growth rates alongside pressure on margins. The Specialty Products & Technologies segment reported a notable year-over-year decline in operating margin of 390 basis points, contrasting with a positive shift in the Equipment & Consumables segment, which still resulted in a modest overall operating margin decline of 140 basis points. Additionally, the projected 1-3% core revenue growth for 2024, adjusted for a 2% currency headwind, underscores underlying challenges in revenue performance, further compounded by a decline in the diagnostics segment driven by global economic weakness.
This aggregate rating is based on analysts' research of Envista Holdings Corp and is not a guaranteed prediction by Public.com or investment advice.
NVST Analyst Forecast & Price Prediction
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