With a market cap of $21.9 billion, Labcorp Holdings Inc. (LH) provides laboratory services, aiding doctors, hospitals, pharmaceutical companies, researchers, and patients. Based in Burlington, North Carolina, the company operates through two segments, Diagnostics Laboratories and Biopharma Laboratory Services.
Companies worth $10 billion or more are typically referred to as “large-cap stocks.” LH fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the diagnostics & research industry.
The company is currently trading 1% below its 52-week high of $264.03 met on Jun. 16. LH shares have grown 9.1% over the past three months, outperforming the broader Dow Jones Industrial Average’s ($DOWI) 1.4% rise during the same time frame.
LH shares have surged 14% year-to-date, outperforming the Dow Jones Industrial Average’s marginal pullback during the same period. Moreover, over the past 12 months, LH has delivered a solid 26.6% return, outpacing the Dow’s 8.6% gain and showcasing its longer-term strength.
To confirm its bullish trend, LH has been trading above its 200-day and 50-day moving averages since late April.
LH shares rose 4.7% following the release of its Q1 earnings on Apr. 29. The company posted a revenue of $3.4 billion, falling behind the Street’s estimates. Moreover, its adjusted EPS of $3.84 beat the consensus estimate by 3%, driven by 6% growth in its Diagnostics Laboratories business to $2.6 billion.
Its peer, Natera, Inc. (NTRA) has grown 8% in 2025 and 58.3% over the past year, outperforming the stock.
Among the 17 analysts covering the LH stock, the consensus rating is a “Strong Buy.” Its mean price target of $277.24 suggests a modest 6.1% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com