65/100BWaters stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Waters is 470.00, 2.4% above the current price of 458.92. Their targets range from 400.00 to 535.00.
Of the 17 firms that rated Waters in the past 12 months, 12 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 400.00 to 535.00, with an average of 470.00.
| Buy | 12 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 535.00 |
| Average target | 470.00 |
| Lowest target | 400.00 |
| Current price | 458.92 |
Waters price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Waters price target and rating?
How analysts rate Waters, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
12 of 17 firms rate it buy now, against 5 of 12 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Waters analyst upgrades, downgrades and price targets
The latest rating change came on 9 September 2026, when UBS upgraded Waters from Neutral to Buy. Its price target is 490.00, from 375.00. The most recent new target came from Bernstein on 4 November 2026: 535.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 4 Nov 2026 | Bernstein Eve Burstein | — | 535.00 | — | 459.78 |
| 4 Nov 2026 | Stifel Nicolaus Daniel Arias | — | 420.00 → 470.00 | +11.9% | 459.90 |
| 7 Oct 2026 | Barclays | Reiterated · Overweight | 460.00 → 500.00 | +8.7% | 436.45 |
| 1 Oct 2026 | Guggenheim Subbu Nambi | Reiterated · Buy | 440.00 → 490.00 | +11.4% | 436.32 |
| 21 Sept 2026 | Goldman Sachs Evie Koslosky | Reiterated · Buy | 425.00 → 515.00 | +21.2% | 421.63 |
| 9 Sept 2026 | UBS Doug Schenkel | Upgraded · Neutral → Buy | 375.00 → 490.00 | +30.7% | 402.91 |
| 27 Aug 2026 | Piper Sandler | Upgraded · Neutral → Overweight | 400.00 → 480.00 | +20.0% | 414.17 |
| 5 Aug 2026 | Morgan Stanley | — | 390.00 → 430.00 | +10.3% | 400.03 |
| 5 Aug 2026 | Deutsche Bank | — | 350.00 → 400.00 | +14.3% | 398.49 |
| 5 Aug 2026 | Evercore ISI Vijay Kumar | Reiterated · Outperform | 410.00 → 420.00 | +2.4% | 394.18 |
| 5 Aug 2026 | RBC Capital | Reiterated · Outperform | 435.00 → 475.00 | +9.2% | 394.58 |
| 5 Aug 2026 | Stifel Nicolaus Daniel Arias | — | 420.00 | — | 396.08 |
| 5 Aug 2026 | Barclays Luke Sergott | Reiterated · Overweight | 425.00 → 460.00 | +8.2% | 396.08 |
| 5 Aug 2026 | TD Cowen | Upgraded · Hold → Buy | — | — | — |
| 14 Jul 2026 | Goldman Sachs Evie Koslosky | Reiterated · Buy | 425.00 | — | 373.22 |
| 9 Jul 2026 | Morgan Stanley Kallum Titchmarsh | Reiterated · Equal Weight | 350.00 → 390.00 | +11.4% | 368.13 |
| 8 Jul 2026 | RBC Capital | — | 435.00 | — | 368.13 |
| 6 Jul 2026 | Evercore ISI | Reiterated · Outperform | 410.00 | — | 375.39 |
| 11 Jun 2026 | Piper Sandler | — | 400.00 | — | 363.18 |
| 3 Jun 2026 | HSBC | Reiterated · Buy | 435.00 | — | 371.93 |
| 7 May 2026 | Deutsche Bank | — | 315.00 → 350.00 | +11.1% | 351.33 |
| 7 May 2026 | Barclays | Reiterated · Overweight | 400.00 → 425.00 | +6.3% | 349.53 |
| 6 May 2026 | UBS | Reiterated · Neutral | 370.00 → 375.00 | +1.4% | 352.64 |
| 6 May 2026 | Robert W. Baird | — | 363.00 → 387.00 | +6.6% | 342.75 |
| 22 Feb 2026 | Morgan Stanley | — | 423.00 → 350.00 | -17.3% | 333.33 |
| 10 Feb 2026 | UBS | Reiterated · Neutral | 370.00 | — | 327.59 |
| 10 Feb 2026 | Robert W. Baird | — | 374.00 → 363.00 | -2.9% | 326.16 |
| 10 Feb 2026 | Barclays | — | 400.00 | — | 328.14 |
| 6 Jan 2026 | Guggenheim Subbu Nambi | — | 440.00 | — | 394.97 |
| 15 Dec 2025 | Wells Fargo Brandon Couillard | Reiterated · Equal Weight | 415.00 | — | 385.33 |
| 10 Dec 2025 | Wolfe Research Doug Schenkel | Upgraded · Peer Perform → Outperform | 480.00 | — | 386.16 |
| 1 Dec 2025 | Morgan Stanley | — | 423.00 | — | 397.79 |
Waters EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Waters's EPS to grow 20.0% a year until 2028. Over the last 5 years it grew 5.2% a year, and over the last 3 years it fell 2.8%.
Analysts expect Waters's revenue to grow 34.0% a year until 2028, faster than over the last 5 years (6.0% a year) and the last 3 years (2.1%).
Revenue
EPS
Does Waters beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 4.1% off the result, either way, and their revenue estimate 1.8%, over the last 12 quarters.
- EPS beats
- 99 / 124
- Revenue beats
- 98 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.1%
- Since
- January 1996
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 3 Nov 2026 | 4.00 | 4.10 | +2.5% | 1.75B | 1.77B | +0.8% |
| Q2 FY2026 | 4 Aug 2026 | 3.01 | 3.05 | +1.3% | 1.62B | 1.65B | +1.4% |
| Q1 FY2026 | 5 May 2026 | 2.31 | 2.70 | +16.9% | 1.20B | 1.27B | +5.3% |
| Q4 FY2025 | 9 Feb 2026 | 4.51 | 4.53 | +0.4% | 928.34M | 932.36M | +0.4% |
| Q3 FY2025 | 4 Nov 2025 | 3.21 | 3.40 | +5.9% | 781.01M | 799.89M | +2.4% |
| Q2 FY2025 | 4 Aug 2025 | 2.94 | 2.95 | +0.3% | 748.66M | 771.33M | +3.0% |
| Q1 FY2025 | 6 May 2025 | 2.22 | 2.25 | +1.4% | 654.81M | 661.71M | +1.1% |
| Q4 FY2024 | 12 Feb 2025 | 4.03 | 4.10 | +1.7% | 857.06M | 872.71M | +1.8% |
| Q3 FY2024 | 1 Nov 2024 | 2.68 | 2.93 | +9.3% | 712.99M | 740.31M | +3.8% |
| Q2 FY2024 | 31 Jul 2024 | 2.56 | 2.63 | +2.7% | 700.09M | 708.53M | +1.2% |
| Q1 FY2024 | 7 May 2024 | 2.10 | 2.21 | +5.2% | 635.57M | 636.84M | +0.2% |
| Q4 FY2023 | 6 Feb 2024 | 3.55 | 3.62 | +2.0% | 815.03M | 819.47M | +0.5% |
Waters stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Waters's earnings keep growing at the 12.3% a year analysts expect to FY2028, it would earn about 23.44 a share in FY2030. At the P/E it has traded at over the last five years (29.0 to 35.2) that is 680.42 to 824.25 a share, or 759.91 at its average P/E of 32.4. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 14.68 | 426.06 | 475.83 | 516.13 |
| FY2027 | 16.53 | 479.76 | 535.81 | 581.18 |
| FY2028 | 18.59 | 539.66 | 602.71 | 653.75 |
| FY2029 (extrapolated) | 20.87 | 605.97 | 676.76 | 734.07 |
| FY2030 (extrapolated) | 23.44 | 680.42 | 759.91 | 824.25 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 12.3% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (29.0, 32.4, 35.2).
Is Waters stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Waters's P/E of 195.3 is near the top of its 5-year range (20.8 to 202.4, median 28.6). It is within 5% of its 5-year high. Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay more for each point of growth than usual: a PEG of 9.8 on expected growth against 5.5 on its median P/E and past five years' growth. Growing 20.0% a year, Waters earns a P/E of 20.0 at a PEG of 1 (at most 25): × the next twelve months' EPS of 16.28, a fair value of 325.47; the price, 458.92, is 41.0% above it. Its forward P/E, on the consensus for FY2026, is 31.3.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 15.0 and 25.0). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 195.29
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 28.62
- Five-year P/E range
- 20.8 – 202.4
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 31.27
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 15.89
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +2.4%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 235.690 | 464.49205Price 235.69627 | +97.1% | |
| 28.860 | 56.2634Price 28.8696 | +94.9% | |
| 199.110 | 384.58163Price 199.112,644 | +93.1% | |
| 123.990 | 237.24178Price 123.99297 | +91.3% | |
| 157.820 | 297.58169Price 157.82471 | +88.6% | |
| 162.670 | 305.52160Price 162.67396 | +87.8% | |
| 216.610 | 405.38304Price 216.61507 | +87.1% |
Furthest below the fair value on each stock's page, updated every day.