THERMO FISHER SCIENTIFIC INC (TMO) Forecast, Price Target & Analyst Ratings

NYSE:TMO • US8835561023

Current stock price

469.21 USD
-9.75 (-2.04%)
At close:
469.26 USD
+0.05 (+0.01%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for THERMO FISHER SCIENTIFIC INC (TMO).

Forecast Snapshot

Consensus Price Target

Price Target
$642.19
+ 36.87% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 21, 2026
Period
Q2 / 2026
EPS Estimate
$5.78
Revenue Estimate
11.778B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
84.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$642.19
Upside
+ 36.87%
From current price of $469.21 to mean target of $642.19, Based on 35 analyst forecasts
Low
$545.40
Median
$634.95
High
$787.50

Price Target Revisions

1 Month
-1.61%
3 Months
0.85%

Price Target Summary

35 Wall Street analysts provided a forecast for the next 12 months for TMO. The average price target is 642.2 USD. This implies a price increase of 36.87% is expected in the next year compared to the current price of 469.21.
The average price target has been revised upward by 0.85% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TMO Current Analyst RatingTMO Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

TMO Historical Analyst RatingsTMO Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
84.00%
TMO was analyzed by 35 analysts. The buy percentage consensus is at 84. So analysts seem to be very confident about TMO.
In the previous month the buy percentage consensus was at a similar level.
TMO was analyzed by 35 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-24StifelMaintains Buy -> Buy
2026-04-24BairdMaintains Outperform -> Outperform
2026-04-14BarclaysMaintains Overweight -> Overweight
2026-04-06Evercore ISI GroupMaintains Outperform -> Outperform
2026-01-30TD CowenMaintains Buy -> Buy
2026-01-30BarclaysMaintains Overweight -> Overweight
2026-01-30CitigroupMaintains Buy -> Buy
2026-01-09StifelMaintains Buy -> Buy
2026-01-07TD CowenMaintains Buy -> Buy
2025-12-15Wells FargoMaintains Overweight -> Overweight
2025-12-11CitigroupUpgrade Neutral -> Buy
2025-12-09Goldman SachsInitiate Buy
2025-12-08KeybancUpgrade Sector Weight -> Overweight
2025-12-02Morgan StanleyMaintains Overweight -> Overweight
2025-12-01HSBCUpgrade Hold -> Buy
2025-10-29Argus ResearchMaintains Buy -> Buy
2025-10-28Morgan StanleyMaintains Overweight -> Overweight
2025-10-23TD CowenMaintains Buy -> Buy
2025-10-23UBSMaintains Neutral -> Neutral
2025-10-23BarclaysMaintains Overweight -> Overweight
2025-10-23Wells FargoMaintains Overweight -> Overweight
2025-10-23CitigroupMaintains Neutral -> Neutral
2025-10-22Leerink PartnersMaintains Outperform -> Outperform
2025-10-09JP MorganMaintains Overweight -> Overweight
2025-10-07Evercore ISI GroupMaintains Outperform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 21, 2026
Period
Q2 / 2026
EPS Estimate
$5.78
Revenue Estimate
11.778B
Revenue Q2Q
8.50%
EPS Q2Q
7.88%
Number of Analysts
22

Next Earnings Revisions

Revenue (1 Month)
0.05%
Revenue (3 Months)
-1.39%
EPS (1 Month)
-0.36%
EPS (3 Months)
-6.13%

Next Earnings Summary

TMO is expected to report earnings on 7/21/2026. The consensus EPS estimate for the next earnings is 5.78 USD and the consensus revenue estimate is 11.78B USD.
The next earnings revenue estimate has been revised downward by 1.39% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2031

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
TMO revenue by date.TMO revenue by date.
42.857B
-4.58%		42.879B
0.05%		44.556B
3.91%		47.473B
6.55%		49.898B
5.11%		53.242B
6.70%		57.424B
7.85%		57.812B
0.68%		N/A
EBITDA
YoY % growth
TMO ebitda by date.TMO ebitda by date.
10.724B
-9.79%		10.824B
0.93%		10.888B
0.59%		12.076B
10.91%		12.99B
7.57%		14.071B
8.32%		15.646B
11.19%		16.457B
5.18%		N/A
EBIT
YoY % growth
TMO ebit by date.TMO ebit by date.
7.318B
-13.98%		7.716B
5.44%		8.108B
5.08%		10.932B
34.83%		11.747B
7.46%		12.754B
8.57%		14.174B
11.13%		14.896B
5.09%		N/A
Operating Margin
TMO operating margin by date.TMO operating margin by date.
17.08%17.99%18.20%23.03%23.54%23.95%24.68%25.77%N/A
EPS
YoY % growth
TMO eps by date.TMO eps by date.
21.54
-7.31%		21.86
1.49%		22.87
4.62%		24.81
8.48%		27.09
9.19%		29.98
10.66%		34.98
16.69%		42.08
20.28%		44.98
6.89%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		5.78
7.88%		6.39
10.41%		7.31
11.27%		5.90
8.46%		6.49
12.19%		6.95
8.65%		7.89
7.89%		6.68
13.25%		7.32
12.84%		7.73
11.23%		8.71
10.47%
Revenue
Q2Q % growth		11.778B
8.50%		11.877B
6.79%		13.029B
6.66%		11.709B
6.40%		12.35B
4.86%		12.527B
5.47%		13.697B
5.13%		12.446B
6.29%		13.286B
7.58%		13.473B
7.55%		14.805B
8.09%
EBITDA
Q2Q % growth		2.914B
-11.88%		3.092B
-25.10%		3.494B
-31.23%		2.85B
7.59%		3.095B
6.21%		3.29B
6.40%		3.68B
5.32%		3.042B
6.74%		3.373B
8.98%		3.601B
9.45%		4.068B
10.54%
EBIT
Q2Q % growth		2.622B
36.85%		2.816B
35.65%		3.18B
38.20%		2.631B
37.60%		2.882B
9.92%		3.07B
9.02%		3.448B
8.43%		2.772B
5.36%		3.104B
7.70%		3.325B
8.31%		3.773B
9.43%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TMO Yearly Revenue VS EstimatesTMO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B 50B
TMO Yearly EPS VS EstimatesTMO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 20 30 40

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
9.44%
EPS Next 5 Year
12.97%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
5.97%
Revenue Next 5 Year
5.26%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
11.63%
EBIT Next 5 Year
10.22%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

THERMO FISHER SCIENTIFIC INC / TMO Forecast FAQ

What is the price target for TMO stock?

35 analysts have analysed TMO and the average price target is 642.2 USD. This implies a price increase of 36.87% is expected in the next year compared to the current price of 469.21.

When does THERMO FISHER SCIENTIFIC INC (TMO) report earnings?

THERMO FISHER SCIENTIFIC INC (TMO) will report earnings on 2026-07-21, before the market open.

What are the consensus estimates for THERMO FISHER SCIENTIFIC INC (TMO) next earnings?

The consensus EPS estimate for the next earnings of THERMO FISHER SCIENTIFIC INC (TMO) is 5.78 USD and the consensus revenue estimate is 11.78B USD.

How many analysts cover THERMO FISHER SCIENTIFIC INC (TMO) stock?

The number of analysts covering THERMO FISHER SCIENTIFIC INC (TMO) is 35.