Danaher Analysts Raise Their Forecasts Following Better-Than-Expected Q3 Earnings

Danaher Corp. (NYSE:DHR) on Wednesday reported upbeat earnings for the third quarter.

The company posted third-quarter adjusted earnings of $2.11 per share, beating the analyst consensus estimate of $1.92. Revenue rose 8.5% year over year to $6.6 billion, beating the analysts’ expectations of $6.559 billion.

Julie Sawyer Montgomery, President and CEO, stated, "We delivered better-than-expected third-quarter revenue, earnings and cash flow, and are encouraged by the improving trends we saw across our end markets."

For the fourth quarter of 2026, Danaher anticipates that non-GAAP core revenue excluding respiratory revenue will increase in the 4.0% to 5.0% range year-over-year.

The company expects respiratory revenue to be an approximately 150 basis point headwind, resulting in core revenue growth of approximately 3.0%. Danaher raised its fiscal 2026 adjusted earnings forecast from $8.45-$8.60 per share to $8.57-$8.62 per share versus the consensus of $8.51.

Danaher shares fell 1.8% to trade at $229.85 on Thursday.

These analysts made changes to their price targets on Danaher following earnings announcement.

• Baird analyst Catherine Schulte maintained the stock with an Outperform rating and raised the price target from $246 to $254.
• Stifel analyst Daniel Arias maintained the stock with a Buy and raised the price target from $220 to $260.
• TD Cowen analyst Dan Brennan maintained the stock with a Buy and raised the price target from $255 to $270.
• JP Morgan analyst Casey Woodring maintained the stock with an Overweight rating and raised the price target from $250 to $270.
• Barclays analyst Luke Sergott maintained the stock with an Overweight rating and boosted the price target from $255 to $260.

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