Update shared on 12 Nov 2025
Fair value Decreased 1.06%Linde's analyst price target has shifted modestly lower from $511 to $505.61. Analysts factor in updated earnings forecasts and expectations for growth catalysts amid a challenging macroeconomic landscape.
Analyst Commentary
Recent analyst commentary reflects a dynamic mix of optimism and caution regarding Linde’s future prospects. The following key takeaways summarize current sentiment:
Bullish Takeaways- Bullish analysts foresee earnings growth acceleration in 2026, which could serve as a significant catalyst for the stock’s valuation and momentum.
- Linde is described as a defensive growth stock offering attractive risk and reward, with current trading levels showing a discount to historical valuation multiples.
- Despite macroeconomic headwinds, Linde has demonstrated resilience through effective pricing strategies. These have helped to offset weaker global industrial production.
- Recent price target increases suggest confidence in the company’s ability to execute and capture value, even as volumes underperform across end markets.
- Bearish analysts have modestly lowered their price targets in response to persistent macroeconomic challenges that continue to suppress volumes.
- Valuation pressures remain, with the stock trading at a discount. This reflects broader investor caution and lower confidence in near-term growth.
- Some analysts maintain a more neutral stance, citing uncertainty in the timing and sustainability of catalysts that could drive higher returns.
What's in the News
- Linde completed a major share buyback tranche, repurchasing 2,094,000 shares for nearly $1 billion between July and September 2025. This brings total buybacks under the current program to 13,890,424 shares and over $6.2 billion. (Key Developments)
- The company has started supplying industrial gases to new customers across eastern Tennessee, northern Alabama and Georgia. It is expanding its operational footprint with a newly opened air separation unit. (Key Developments)
- European chemical companies, including Linde, are facing headwinds as U.S. tariffs disrupt global trade and lead to order delays within the sector. (Reuters)
Valuation Changes
- Consensus Analyst Price Target has declined slightly from $511 to $505.61, reflecting modest downward revisions.
- Discount Rate has increased marginally, rising from 7.96% to 8.03%, indicating a modestly higher perceived risk profile.
- Revenue Growth expectations have edged higher, moving from 5.39% to 5.53%.
- Net Profit Margin is up from 23.27% to 23.91%, suggesting improved profitability forecasts.
- Future P/E has fallen from 31.75x to 29.80x, implying a lower valuation multiple on forward earnings expectations.
Disclaimer
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