BofA Maintains Hold Rating on Agilent Technologies (A) After Q2 Report

On May 29, analyst Michael Ryskin from Bank of America Securities reiterated a Hold rating on Agilent Technologies Inc (NYSE:A) with a $128.00 price target. The analyst assigned the rating based on various factors that impacted the company’s current market position following the release of its fiscal Q2 2025 earnings on May 28.

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A technician in a lab inspecting an ELISA test kit for use in biopharmaceutical diagnostics.

Ryskin acknowledged that Agilent Technologies Inc. (NYSE:A) reported steady progress in the quarter, with continued investments from pharmaceutical investors and a positive book-to-bill ratio greater than 1. However, the Hold rating stems from challenges such as tariff impacts and logistical complications in China that are affecting the company’s instrument business.

The analyst stated that these factors were balanced out, resulting in no net impact. Management anticipates a reversal of these dynamics in the upcoming quarter.

Ryskin further stated that although the effects of tariffs are expected to keep Agilent Technologies Inc.’s (NYSE:A) margins flat in the near term, 2026 may bring an improvement with their mitigation. According to Ryskin, the company’s valuation remains fair despite its improved growth drivers and product mix, given the restricted visibility into market recovery.

Agilent Technologies, Inc. (NYSE:A) provides application-focused solutions for diagnostics, life sciences, and applied chemical markets. Its operations are divided into the following segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab.

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