Avantor, Inc. (AVTR) saw its stock price plummet 5.45% during intraday trading on Thursday. The sharp decline comes amid a wave of negative sentiment triggered by the company's latest financial results and subsequent analyst actions.
The sell-off appears to be driven primarily by the company's disappointing third-quarter fiscal 2025 earnings, which revealed a net loss of US$711.8 million. This significant loss has tested investor confidence in the company's near-term profitability narrative.
Compounding the negative earnings news, multiple major financial institutions have slashed their price targets for Avantor. UBS reduced its target to $10.50 from $13, Barclays cut its target to $9 from $12, and Deutsche Bank lowered its target to $9 from $12.5. These simultaneous downgrades have created substantial downward pressure on the stock during the trading session.