Is Wall Street Bullish or Bearish on Waters Corporation Stock?

Milford, Massachusetts-based Waters Corporation (WAT) crafts cutting-edge liquid chromatography and mass spectrometry (MS) systems for clinical, pharmaceutical, and environmental sectors. With a market cap of $20.2 billion, the company powers labs across Asia, the Americas, and Europe.

Shares of the lab equipment and software maker have lagged behind the broader market over the past year. Over the past 52 weeks, WAT gained 21.1% compared to the S&P 500 Index’s ($SPX) 26.1% returns. In 2024, WAT is up 3.6% versus SPX’s 17.2% gains on a YTD basis.