
Neogen (NEOG) Stock Forecast & Price Target
Neogen (NEOG) Analyst Ratings
Bulls say
Neogen Corporation is expected to see a rebound in revenue growth driven by an underlying portfolio that indicates potential for strong performance in the food safety sector, despite a challenging comparison in the previous year. Management's focus on integrating the supply chain and improving gross profit margins is anticipated to enhance financial metrics such as adjusted EBITDA. Additionally, the rising awareness of health and safety among consumers, combined with an increase in food allergies over recent decades, suggests a favorable market environment for Neogen's products and services.
Bears say
Neogen Corporation's stock faces a negative outlook primarily due to significant operational challenges, including integration issues and customer attrition stemming from a troubled transition following its acquisition of 3M's Food Safety division. The company has missed multiple financial targets as manufacturing bottlenecks have resulted in backlog issues, jeopardizing sales and customer trust. Additionally, Neogen's valuation is notably low compared to its peers, sitting at a discount due to lingering integration risks, which further compounds investor concerns regarding the company's future performance.
This aggregate rating is based on analysts' research of Neogen and is not a guaranteed prediction by Public.com or investment advice.
Neogen (NEOG) Analyst Forecast & Price Prediction
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