Why The Omnicell Stock Fell 8.41% (OMCL)

By Amit Chowdhry ● Jan 25, 2023
  • The stock price of Omnicell (OMCL) fell by 8.41% in the most recent trading session. This is why.

The stock price of Omnicell (OMCL) fell by 8.41% in the most recent trading session.

Why: Research report

Price target: Reduced from $71 to $65

Rating: Overweight

Analyst firm: Wells Fargo

Wells Fargo analysts adjusted the rating while noting that they see risks to consensus estimates ahead of the fourth quarter results, but would use share weakness as a buying opportunity. And the N-T revenue pressures mask an otherwise widening competitive moat and the company’s growing role as a strategic health system partner.