IDXX - Looking For Fast Growth In Healthcare? IDEXX Has You Covered

2024-06-28 17:37:37 ET

Summary

• IDEXX Laboratories is a $41 billion market cap giant in the diagnostics and research industry, with shares falling 13% since February.
• The company specializes in animal healthcare diagnostics, showing rapid growth and innovation in a high-growth market.
• Despite a lofty valuation, IDEXX's strong financials, consistent revenue growth, and long-term growth prospects justify a Buy rating.

Introduction

It's time to talk about a company I called " One Of The Market's Best Compounders " in February of this year. That company is IDEXX Laboratories ( IDXX ) , a $41 billion market cap giant operating in the diagnostics and research industry.

Since that article, IDXX shares have fallen roughly 13%, lagging the S&P 500's 10% return by a substantial margin. ...

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