Key Stats for IDEXX Stock
- Current Price: $550.01
- Target Price (Mid): ~$946
- Street Target: ~$699
- Potential Total Return: ~72%
- Annualized IRR: ~13% / year
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What Happened?
IDEXX Laboratories (IDXX) closed at $550.01 on August 25, about 28% below its 52-week high of $769.98. Yet on August 13, the company spent a full day telling investors its growth engine is accelerating, not stalling. That gap is the story right now: the stock is priced for a slowdown while management guides for the opposite.
The occasion was new CEO Mike Erickson’s first Investor Day, three months after he took over from…
