Veralto Corporation (NYSE:VLTO) is one of the best IPO stocks to buy right now. On February 6, UBS analyst Joshua Spector lowered the firm’s price target for Veralto to $102 from $109 while keeping a Neutral rating on the shares.
On the same day, Stifel analyst Nathan Jones lowered the firm’s price target for Veralto to $118 from $120 while maintaining a Buy rating. Jones noted that during this earnings season, modest misses compared to consensus estimates have resulted in significant share price declines. Veralto experienced this trend after its 2026 EPS guidance midpoint was set just 1% below consensus expectations.
Barclays analyst William Grippin also lowered the firm’s price target for Veralto Corporation (NYSE:VLTO) to $117 from $121 with an Overweight rating. This adjustment follows an update to the company’s financial model after its Q4 report. Grippin noted that the stock’s recent decline was driven by broader market dynamics rather than any concerns specific to the company itself.
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Veralto Corporation (NYSE:VLTO) provides water analytics, water treatment, marking and coding, and packaging and color solutions worldwide. It has two segments: Water Quality and Product Quality & Innovation.
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Disclosure: None. This article is originally published at Insider Monkey.
