Waters Corporation Stock: Is Wall Street Bullish or Bearish?

Milford, Massachusetts-based Waters Corporation (WAT) is a leading analytical instruments and software company specializing in high-performance liquid chromatography (HPLC), mass spectrometry, and laboratory informatics. With a market cap of $22.4 billion, the company’s technologies are widely used in pharmaceuticals, biotech, life sciences, food safety, environmental testing, and chemical analysis.

Shares of this global leader in analytical instrumentation have underperformed the broader market over the past year. WAT has increased 5.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 10.5%. In 2025, WAT stock is up 2.1%, compared to the SPX’s 11.2% rise on a YTD basis.