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BTIG Reaffirms Their Buy Rating on Solventum Corporation (SOLV)

Tipranks - Sat Feb 28, 6:44AM CST

BTIG analyst Ryan Zimmerman maintained a Buy rating on Solventum Corporation yesterday and set a price target of $100.00. The company’s shares closed yesterday at $76.94.

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Zimmerman covers the Healthcare sector, focusing on stocks such as Solventum Corporation, Globus Medical, and Organogenesis Holdings. According to TipRanks, Zimmerman has an average return of 0.7% and a 44.74% success rate on recommended stocks.

Currently, the analyst consensus on Solventum Corporation is a Strong Buy with an average price target of $96.14, a 24.95% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $99.00 price target.

Based on Solventum Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.1 billion and a net profit of $1.27 billion. In comparison, last year the company earned a revenue of $2.08 billion and had a net profit of $122 million

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