Bio-Techne Corp (TECH) Stock Forecast & Predictions

Bio-Techne Corp TECH: $390.11

614 McKinley Pl NE, Minneapolis, Minnesota, US. | Sector: Manufacturing | Exchange: NASDAQ | Web: www.bio-techne.com

  • Market Cap$15.33B
  • Change (52 Weeks)12.53%
  • Low (52 Weeks)$310.11
  • Bio-Techne Corp (TECH) Stock Forecast By Analysts


    Moderate Buy
    Analysts Recommendations for Bio-Techne Corp (TECH) is based on 17 Institutional Analyst Ratings where 41.18% are on Strong Buy, 41.18% on Moderate Buy, 17.65% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 17 Institutional Analysts, majority recommended TECH stock as Moderate Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Bio-Techne Corp.

    Bio-Techne Corp (TECH) Stock Price Prediction By Analysts


    HighLowAverage
    $630.00$505.00$560.69
    $560.6943.73% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for TECH set by the institutional analysts is $560.69 where High Estimate is $630.00, Median $562.02 and Low $505.00.

    The average price target for TECH by Institutional Analysts is $560.69, which is 43.73% Upside from the current price. So according to the Institutional Analysts, TECH Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Bio-Techne Corp (TECH) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    KeybancOverweightUpgraded
    SVB LeerinkOutperformMaintained
    Argus ResearchBuyMaintained
    Stephens & Co.OverweightUpgraded
    StifelBuyUpgraded
    Craig-HallumBuyMaintained
    CitigroupNeutralMaintained
    KeyBancSector WeightInitiated
    SVB LeerinkOutperformMaintained
    Atlantic EquitiesOverweightInitiated
    SVB LeerinkOutperformMaintained
    Stephens & Co.Equal-WeightDowngraded
    CitigroupNeutralMaintained
    StifelHoldDowngraded
    BenchmarkBuyInitiated
    Wells FargoEqual-WeightMaintained
    StifelBuyMaintained
    Stephens & Co.OverweightMaintained
    CitigroupNeutralMaintained
    StifelBuyMaintained
    Wells FargoEqual-WeightMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    BairdOutperformMaintained
    Wells FargoEqual-WeightInitiated
    CitigroupNeutralInitiated
    Stifel NicolausBuyInitiated
    Janney CapitalBuyUpgraded
    Stephens & Co.OverweightUpgraded
    Craig-HallumHoldDowngraded
    Goldman SachsNeutralInitiated
    ArgusBuyMaintained
    CitigroupBuyMaintained
    Deutsche BankHoldDowngraded
    ArgusBuyInitiated
    Deutsche BankBuyMaintained
    Deutsche BankBuyMaintained
    BairdOutperformMaintained
    CitigroupBuyMaintained
    Deutsche BankBuyMaintained
    Wells FargoMarket PerformInitiated
    Janney CapitalNeutralDowngraded
    CitigroupBuyInitiated
    Deutsche BankBuyInitiated
    BairdOutperformMaintained
    Janney CapitalBuyUpgraded
    BairdOutperformMaintained
    Stephens & Co.Equal-WeightDowngraded
    Leerink SwannMarket PerformMaintained
    BairdOutperformUpgraded
    Craig-HallumBuyUpgraded

    Bio-Techne Corp (TECH) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.994
    The average consensus EPS for TECH is $1.994 with a high estimate of $2.151 and Low of $1.803 for the period 2022-03-31 and based on 12 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.83$1.75592022-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$1.82862022-06-30
    $1.83$1.75592022-03-31
    $1.87$1.73522021-12-31
    $1.79$1.5842021-09-30
    $1.62$1.39752021-06-30
    $1.43$1.11442021-03-31
    $1$0.76772020-12-31
    $1.39$1.17292020-09-30
    $1.08$1.15252020-06-30
    $1.06$1.07362020-03-31
    $1.25$1.35662019-12-31
    $1.21$1.16432019-09-30
    $1.06$1.00052019-06-30
    $0.98$0.96532019-03-31
    $1.34$1.31642018-12-31
    $1.21$1.16322018-09-30
    $1.02$0.93532018-06-30
    $0.9$0.90122018-03-31
    $1.09$1.01092017-12-31
    $0.97$0.94352017-09-30
    $0.81$0.86192017-06-30
    $0.84$0.80782017-03-31
    $0.92$0.97412016-12-31
    $1.01$0.90582016-09-30
    $0.88$0.83812016-06-30
    $0.79$0.8672016-03-31
    $0.87$0.87892015-12-31
    $0.86$0.91972015-09-30
    $0.82$0.87552015-06-30
    $0.85$0.88232015-03-31
    $0.88$0.87112014-12-31
    $0.94$0.90582014-09-30
    $0.75$0.8182014-06-30
    $0.83$0.8182014-03-31
    $0.82$0.84662013-12-31
    $0.88$0.91392013-09-30
    $0.74$0.78132013-06-30
    $0.75$0.81262013-03-31
    $0.8$0.86532012-12-31
    $0.9$0.90532012-09-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).