Goldman Sachs Cuts Agilent Target to $150 After Q1 Miss; CEO Outlines Growth Plans
Goldman Sachs lowered Agilent Technologies’ price target to $150 from $170 after Q1 revenue of $1.8 billion missed consensus and operating margins hit 24.6% despite a $10 million winter storm impact. CEO cited service organization growth, product innovations (Altura column, Pro iQ LC/MS) and Ignite OS cost and pricing gains.
1. Goldman Sachs Lowers Price Target
Goldman Sachs reduced Agilent Technologies’ price target to $150 from $170, retaining a Buy rating despite Q1 revenue and margins coming in below consensus. The firm highlighted confidence in the CAM end market and anticipates accelerated growth in Life Sciences and Diagnostics.
2. Q1 Financial Performance
Agilent reported fiscal Q1 revenue of $1.8 billion, representing 4.4% core growth and meeting guidance ranges. Operating margins reached 24.6%, with a U.S. winter storm shaving approximately $10 million from results—most of which was recovered in early February.
3. Strategic Growth Initiatives
CEO Padraig McDonnell pointed to three priorities: expanding the service organization to boost customer retention, launching product innovations such as the Altura column portfolio and Pro iQ LC/MS platform, and deploying the Ignite Operating System to improve pricing execution, reduce costs and manage tariffs.