Guggenheim Raises Price Target for Bruker Corporation (BRKR)

Bruker Corporation (NASDAQ:BRKR) is one of the 12 best Medical Devices stocks to invest in according to Hedge Funds.

On January 26, Guggenheim analyst Subbu Nambi reiterated her Buy rating on Bruker Corporation (NASDAQ:BRKR). She revised her price target from $53 to $58, which leads to an upside potential of almost 25%.

Nambi’s target price adjustment is part of Guggenheim’s revisions to its forecasts and targets for many of the stocks within the Diagnostics and Life Sciences Tools category. These changes are based on recent updates and some preliminary results for the fourth quarter.

Earlier, on January 7, Daniel Brennan of TD Cowen reaffirmed his Hold rating on Bruker Corporation (NASDAQ:BRKR), and simultaneously revised his price target from $42 to $53.

Brennan’s rating was also a part of his firm’s broader adjustments across the Life Science Tools segment, based on the outlook for the fourth quarter. The analyst noted that many companies have “already soft guided” 2026, which keeps him optimistic for the coming year.

Bruker Corporation (NASDAQ:BRKR) is involved in the development and distribution of high-performance scientific instruments and analytical and diagnostic solutions. Their offerings are useful in pharmaceutical and molecular research, biotechnology, and materials analysis. It functions through 4 distinct segments, i.e., BSI BioSpin, BSI Nano, BSI CALID, and Bruker Energy & Supercon Technologies (BEST).

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Disclosure: None. This article is originally published at Insider Monkey.