Are Wall Street Analysts Predicting IDEXX Laboratories Stock Will Climb or Sink?

Westbrook, Maine-based IDEXX Laboratories, Inc. (IDXX) develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets. With a market cap of $40.3 billion, IDEXX Laboratories operations span the Americas, Asia-Pacific, Europe, Africa, and internationally.

IDEXX Laboratories' shares have underperformed the broader market over the past year. Over the past 52 weeks, IDXX stock has dipped 1.8% compared to the S&P 500 Index’s ($SPX) 27.5% returns. In 2024 alone, IDXX declined 12.8%, lagging behind SPX’s 17.8% gains on a YTD basis.