West Pharmaceutical Services (WST) is poised for continued growth through 2026 as high value product demand and GLP-1 exposure drive stronger margins and earnings, BofA Securities said in a note Thursday.
The firm said the company delivered a strong Q3, with strengths in high-value components and elastomers used in GLP-1 drugs lifting revenue and margins.
BofA now models 2025 EPS guidance of $7.10, up from its prior forecast of $6.75, and raised its 2026 EPS guidance to $7.90 from $7.50.
The firm also said West Pharmaceutical's management did not push back on consensus 2026 estimates and noted potential upside to street expectations.
BofA reiterated a buy rating on the stock and raised its price target to $370 from $310.
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