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Labcorp's 15min chart sees Bollinger Bands Narrowing, KDJ Death Cross Triggered
ByAinvest
Thursday, Aug 28, 2025 2:35 pm ET1min read
Labcorp's 15-minute chart has exhibited a narrowing of Bollinger Bands, accompanied by a KDJ Death Cross on August 28, 2025, at 14:30. This suggests a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially leading to further decreases in the stock price.
Analysts at Bloomberg have recommended buying Labcorp Holdings (LH) and Abivax SA Sponsored ADR (ABVX), both with a Strong Buy consensus rating. Labcorp Holdings has a $297.08 average price target, representing a 6.9% upside, while Abivax SA Sponsored ADR has a $87.17 price target [1].Labcorp Holdings, a healthcare diagnostics company, has shown significant growth potential. The company has focused on strategic acquisitions and partnerships to drive revenue growth. In the second quarter of 2025, Labcorp invested $25 million in acquisitions and partnerships, contributing 3.5% to revenue growth. The company has also made notable acquisitions such as Incyte Diagnostics and BioReference Health, which have enhanced its capabilities in key specialty areas like oncology and women's health [1].
Labcorp's operational efficiency initiatives, such as the LaunchPad program, have also contributed to its financial performance. The company has successfully achieved targeted savings of $350 million by the end of 2024 and aims to drive $100-$125 million in savings each year [1].
Abivax SA Sponsored ADR, a biotechnology company, has also received a positive outlook from analysts. LifeSci Capital analyst Sam Slutsky maintained a Buy rating on Abivax SA Sponsored ADR with a price target of $116.00. The company's shares closed last Friday at $77.28, indicating a potential for growth [2].
Both companies have experienced bullish sentiments from analysts, suggesting they are well-positioned for future growth. Investors should closely monitor these companies for potential opportunities.
References:
[1] https://www.ainvest.com/news/analysts-bullish-healthcare-stocks-labcorp-holdings-abivax-sa-sponsored-adr-2508/
[2] https://www.theglobeandmail.com/investing/markets/stocks/LH/pressreleases/34385440/analysts-offer-insights-on-healthcare-companies-labcorp-holdings-lh-and-abivax-sa-sponsored-adr-abvx/
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