Is Thermo Fisher Scientific Inc. (TMO) a Buy as RBC Restarts Coverage With Sector Perform Rating?

We recently compiled a list of the 10 Most Widely Held Stocks by Individuals in 2026. Thermo Fisher Scientific Inc. (NYSE:TMO) is among the most widely held stocks by individuals.

TheFly reported on May 14 that RBC Capital restarted coverage of TMO with a Sector Perform rating and assigned a $490 price objective. The firm pointed to improving conditions across the company’s end markets while also noting concerns surrounding the sustainability of TMO’s long-term organic growth expectations above 7%.

Separately, on May 18, Thermo Fisher Scientific Inc. (NYSE:TMO) announced the launch of a new bioanalytical and biomarker laboratory in Gothenburg, Sweden, located within GoCo Health Innovation City. The facility strengthens the company’s worldwide laboratory network and is designed to support pharmaceutical and biotechnology companies throughout every stage of drug development. Equipped with advanced analytical technologies and Good Laboratory Practice capabilities, the site will provide services ranging from preclinical research to post-commercialization testing.

Is Thermo Fisher Scientific Inc. (TMO) a Buy as RBC Restarts Coverage With Sector Perform Rating?

The laboratory also supports complex therapeutic areas, including cell and gene therapies, antibodies, peptides, and oligonucleotides. TMO stated that the expansion is intended to address increasing demand for sophisticated drug development solutions as therapies become more advanced and data-intensive. The new Sweden-based facility complements the company’s existing bioanalytical operations in the United States and China while reinforcing its broader investment strategy within the European life sciences sector.

Thermo Fisher Scientific Inc. (NYSE:TMO) is a global leader in scientific services and laboratory solutions, providing analytical instruments, diagnostics, biopharma services, and life sciences products worldwide.

While we acknowledge the risk and potential of TMO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TMO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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