Baxter International (BAX) Stock Forecast & Price Target

BAX price $23.97 -1.49 -5.85%

Ticker
BAX
Price
$23.97
Change
-1.49 -5.85%
Market cap ?
$12.39B
P/E ?
-12.48
Forward P/E ?
11.69
Dividend yield ?
0.16%
Beta ?
0.65
Sector
Healthcare
Industry
Medical - Instruments & Supplies
Stocklytics score
32
Value
48
Quality
25
Growth
22

Stocklytics score rationale: value 48, quality 25, growth 22.

Financials

2016201720182019202020212022202320242025
10163000000105840000001109900000011362000000116730000001214600000010057000000103600000001063600000011244000000

Baxter International Inc., operating globally via its subsidiaries, is a leading developer and provider of a wide spectrum of healthcare products. The company's comprehensive portfolio includes various dialysis treatments, such as peritoneal and hemodialysis, along with related therapies and services. It also specializes in intravenous (IV) therapies, infusion pumps, administration sets, and devices for drug…

Fair value

BAX fair value $41.39. Price $23.97. Price is 42% below fair value.

Around fair value, but less expensive than usual. A smaller premium than on 69% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 678.00M. Growth 6.78%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 517.00M. Net debt 8.04B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare BAX

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-10-290.580.522.98B2.91B
2026-07-300.560.372.96B2.80B
2026-04-300.360.312.70B2.62B
2026-02-120.440.532.97B2.82B
2025-10-300.690.602.83B2.82B
2025-07-310.590.602.81B2.88B
2025-05-010.550.482.62B2.59B
2025-02-200.580.532.75B2.67B
2024-11-080.800.782.70B3.85B
2024-08-060.680.663.81B3.75B
2024-05-020.650.613.59B3.55B
2024-02-080.880.863.88B3.80B
2023-11-020.680.663.71B3.69B
2023-07-270.550.593.71B3.80B
2023-04-270.590.483.65B3.60B
2023-02-090.880.943.89B3.77B
2022-10-270.820.823.77B3.77B
2022-07-280.870.883.75B3.88B
2022-04-280.930.803.71B3.68B
2022-02-171.041.033.51B3.30B
2021-10-281.020.943.23B3.23B
2021-07-290.800.743.10B3.11B
2021-04-290.760.642.95B2.89B
2021-02-040.800.763.18B3.01B
2020-10-290.830.732.97B2.61B
2020-07-300.640.712.72B3.02B
2020-04-300.820.722.80B2.46B
2020-03-170.970.883.04B2.54B
2019-10-240.740.842.85B3.19B
2019-07-250.890.812.84B2.58B
2019-04-250.760.682.63B2.36B
2019-01-310.780.732.84B2.65B
2018-10-310.800.742.77B2.56B
2018-07-260.770.712.84B2.62B
2018-04-260.700.622.68B2.37B
2018-02-010.640.592.77B2.56B
2017-10-250.640.592.71B2.50B
2017-07-260.630.572.60B2.36B
2017-04-260.580.522.48B2.22B
2017-02-010.570.522.65B2.41B

Dividends

Yield 0.17%. Payout ratio —. Frequency Quarterly.

Safety score 78/100 · Safe. Payout ratio is not reported, so this part stays neutral. Dividends use less than 40% of free cash flow. Dividends were paid in 45 separate years. Yield is 0.2%, which is low.

Ex-dateDividendRecordPaymentFrequency
2026-08-28$0.012026-08-282026-10-01Quarterly
2026-05-29$0.012026-05-292026-07-01Quarterly
2026-02-27$0.012026-02-272026-04-01Quarterly
2025-11-28$0.012025-11-282026-01-02Quarterly
2025-08-29$0.172025-08-292025-10-01Quarterly
2025-05-30$0.172025-05-302025-07-01Quarterly
2025-02-28$0.172025-02-282025-04-01Quarterly
2024-11-29$0.172024-11-292025-01-02Quarterly
2024-08-30$0.292024-08-302024-10-01Quarterly
2024-05-31$0.292024-05-312024-07-01Quarterly
2024-02-29$0.292024-03-012024-04-01Quarterly
2023-11-30$0.292023-12-012024-01-02Quarterly
2023-08-31$0.292023-09-012023-10-02Quarterly
2023-06-01$0.292023-06-022023-07-03Quarterly
2023-02-23$0.292023-02-242023-04-03Quarterly
2022-12-01$0.292022-12-022023-01-03Quarterly
2022-09-01$0.292022-09-022022-10-03Quarterly
2022-06-02$0.292022-06-032022-07-01Quarterly
2022-02-24$0.282022-02-252022-04-01Quarterly
2021-12-02$0.282021-12-032022-01-03Quarterly
2021-09-02$0.282021-09-032021-10-01Quarterly
2021-06-03$0.282021-06-042021-07-01Quarterly
2021-02-25$0.242021-02-262021-04-01Quarterly
2020-12-03$0.242020-12-042021-01-04Quarterly
2020-08-28$0.242020-08-312020-10-01Quarterly
2020-06-04$0.242020-06-052020-07-01Quarterly
2020-02-27$0.222020-02-282020-04-01Quarterly
2019-12-05$0.222019-12-062020-01-02Quarterly
2019-08-29$0.222019-08-302019-10-01Quarterly
2019-06-06$0.222019-06-072019-07-01Quarterly
2019-02-28$0.192019-03-012019-04-01Quarterly
2018-11-30$0.192018-12-032019-01-02Quarterly
2018-08-30$0.192018-08-312018-10-01Quarterly
2018-05-31$0.192018-06-012018-07-02Quarterly
2018-03-01$0.162018-03-022018-04-02Quarterly
2017-11-30$0.162017-12-012018-01-02Quarterly
2017-08-30$0.162017-09-012017-10-02Quarterly
2017-05-31$0.162017-06-022017-07-03Quarterly
2017-03-01$0.132017-03-032017-04-03Quarterly
2016-11-30$0.132016-12-022017-01-03Quarterly
2016-08-31$0.132016-09-022016-10-03Quarterly
2016-06-01$0.132016-06-032016-07-01Quarterly
2016-03-02$0.122016-03-042016-04-01Quarterly
2015-12-02$0.122015-12-042016-01-04Quarterly
2015-09-02$0.122015-09-042015-10-01Quarterly
2015-05-28$0.282015-06-012015-07-01Quarterly
2015-03-09$0.282015-03-112015-04-01Quarterly
2014-12-03$0.282014-12-052015-01-02Quarterly
2014-09-03$0.282014-09-052014-10-01Quarterly
2014-06-04$0.282014-06-062014-07-01Quarterly
2014-03-05$0.272014-03-072014-04-01Quarterly
2013-12-04$0.272013-12-062014-01-03Quarterly
2013-09-04$0.272013-09-062013-10-01Quarterly
2013-06-05$0.272013-06-072013-07-01Quarterly
2013-03-06$0.242013-03-082013-04-01Quarterly
2012-12-05$0.242012-12-072013-01-03Quarterly
2012-09-05$0.242012-09-072012-10-01Quarterly
2012-06-06$0.182012-06-082012-07-02Quarterly
2012-03-07$0.182012-03-092012-04-02Quarterly
2011-12-07$0.182011-12-092012-01-04Quarterly
2011-09-07$0.172011-09-092011-10-03Quarterly
2011-06-08$0.172011-06-102011-07-01Quarterly
2011-03-08$0.172011-03-102011-04-01Quarterly
2010-12-08$0.172010-12-102011-01-05Quarterly
2010-09-08$0.162010-09-102010-10-01Quarterly
2010-06-08$0.162010-06-102010-07-01Quarterly
2010-03-08$0.162010-03-102010-04-01Quarterly
2009-12-08$0.162009-12-102010-01-05Quarterly
2009-09-08$0.142009-09-102009-10-01Quarterly
2009-06-08$0.142009-06-102009-07-01Quarterly
2009-03-06$0.142009-03-102009-04-01Quarterly
2008-12-08$0.142008-12-102009-01-06Quarterly
2008-09-08$0.122008-09-102008-10-01Quarterly
2008-06-06$0.122008-06-102008-07-01Quarterly
2008-03-06$0.122008-03-102008-04-01Quarterly
2007-12-06$0.122007-12-102008-01-03Quarterly
2007-09-06$0.092007-09-102007-10-01Quarterly
2007-06-06$0.092007-06-102007-07-02Quarterly
2007-03-07$0.092007-03-102007-04-02Quarterly
2006-12-06$0.322006-12-082007-01-05Annual

Insider trades

DateInsiderActionSharesPriceValue
2026-10-01Rogers Terence JohnOther0——
2026-09-15Heine BernardOther0——
2026-09-02Hider Andrew P.Sell54.28K$25.701.39M
2026-09-02Foster JulieSell2.10K$25.7053.92K
2026-09-01Teaff JamesSell750$25.4819.11K
2026-05-05Wilkes David S.Buy12.84K——
2026-05-05Wendell Amy McBrideBuy12.84K——
2026-05-05SCHLICHTING NANCY MBuy12.84K——
2026-05-05MORRISON PATRICIABuy12.84K——
2026-05-05Shafer David BrentBuy12.84K——
2026-05-05McDonnell Michael R.Buy12.84K——
2026-05-05Craig Jeffrey ABuy12.84K——
2026-05-05Ampofo William A. IIBuy12.84K——
2026-04-01Foster JulieOther0——
2026-04-01Foster JulieOther25.86K$20.37526.81K
2026-04-01Wallace Steven P.Other0——
2026-04-01Wallace Steven P.Other8.92K$74.47664.12K
2026-04-01Wallace Steven P.Other15.35K$39.06599.65K
2026-04-01Wallace Steven P.Other17.84K$35.44632.25K
2026-04-01Wallace Steven P.Other25.86K$20.37526.81K
2026-04-01Teaff JamesOther0——
2026-04-01Teaff JamesOther4.01K$50.77203.64K
2026-04-01Teaff JamesOther3.44K$66.31227.84K
2026-04-01Teaff JamesOther3.02K$74.73225.54K
2026-04-01Teaff JamesOther3.81K$75.75288.91K
2026-04-01Teaff JamesOther5.54K$77.15427.72K
2026-04-01Teaff JamesOther3.10K$85.23264.30K
2026-04-01Teaff JamesOther6.33K$39.06247.37K
2026-04-01Teaff JamesOther25.86K$20.37526.81K
2026-03-06Zielinski Anita ASell1.93K$17.6934.18K
2026-03-06Soriano Maria CeciliaSell2.85K$17.6950.38K
2026-03-06Rosenbloom David S.Sell6.62K$17.69117.11K
2026-03-06Rasul ReazurSell12.67K$17.69224.20K
2026-03-06Grade Joel T.Sell8.15K$17.69144.23K
2026-03-02Rasul ReazurSell1.61K$19.6931.78K
2026-03-02Soriano Maria CeciliaSell1.85K$19.6936.47K
2026-03-02Rosenbloom David S.Sell1.34K$19.6926.31K
2026-02-27Hider Andrew P.Buy201.80K——
2026-02-27Hider Andrew P.Buy488.51K$20.379.95M
2026-02-27Carlisle CynthiaBuy43.10K$20.37878.01K
2026-02-27Carlisle CynthiaBuy11.87K——
2026-02-27Carlisle CynthiaBuy17.81K——
2026-02-27Soriano Maria CeciliaBuy23.74K——
2026-02-27Soriano Maria CeciliaBuy57.47K$20.371.17M
2026-02-27Rosenbloom David S.Buy26.71K——
2026-02-27Rosenbloom David S.Buy64.66K$20.371.32M
2026-02-27Grade Joel T.Buy42.73K——
2026-02-27Grade Joel T.Buy103.45K$20.372.11M
2026-02-27Zielinski Anita ABuy30.86K——
2026-02-23Carlisle CynthiaOther0——
2026-02-13McDonnell Michael R.Buy1.81K——
2026-02-13McDonnell Michael R.Other0——
2026-02-09Soriano Maria CeciliaBuy2.27K——
2026-02-09Soriano Maria CeciliaSell918$21.7319.95K
2026-02-09Rosenbloom David S.Buy17.05K——
2026-02-09Rosenbloom David S.Sell5.22K$21.73113.54K
2026-02-09Rasul ReazurBuy18.95K——
2026-02-09Rasul ReazurSell5.77K$21.73125.38K
2026-02-09Grade Joel T.Buy30.50K——
2026-02-09Grade Joel T.Sell9.14K$21.73198.70K
2025-12-12Mason Jeanne KSell650$19.1512.45K
2025-12-01Soriano Maria CeciliaOther0——
2025-12-01Soriano Maria CeciliaOther15.35K$39.06599.69K
2025-12-01Soriano Maria CeciliaOther23.79K$35.44843.01K
2025-12-01Grade Joel T.Sell8.29K$19.08158.14K
2025-09-02Sonig AlokSell3.19K$24.1777.13K
2025-09-02Hider Andrew P.Buy465.65K$24.1711.25M
2025-09-02Hider Andrew P.Buy131.81K——
2025-09-02Hider Andrew P.Buy236.24K——
2025-09-02Grade Joel T.Buy102.71K——
2025-09-02Borzi James WSell1.85K$24.1744.67K
2025-08-19Hider Andrew P.Other0——
2025-08-19Shafer David BrentSell31.34K$24.33762.43K
2025-06-02Rosenbloom David S.Sell16.55K$29.55488.99K
2025-05-06Wilkes David S.Buy7.18K——
2025-05-06Wendell Amy McBrideBuy7.18K——
2025-05-06Smith Cathy RBuy7.18K——
2025-05-06SCHLICHTING NANCY MBuy7.18K——
2025-05-06RUSCKOWSKI STEPHEN HBuy7.18K——
2025-05-06Oesterle Stephen N.Buy7.18K——
2025-05-06MORRISON PATRICIABuy7.18K——
2025-05-06Ampofo William A. IIBuy7.18K——
2025-05-06Craig Jeffrey ABuy7.18K——
2025-03-06Zielinski Anita ABuy17.12K——
2025-03-06Sonig AlokBuy29.97K——
2025-03-06Sonig AlokSell10.84K$35.44384.13K
2025-03-06Sonig AlokBuy99.91K$35.443.54M
2025-03-06Rosenbloom David S.Buy17.66K——
2025-03-06Rosenbloom David S.Sell4.92K$35.44174.44K
2025-03-06Rosenbloom David S.Buy58.87K$35.442.09M
2025-03-06Rasul ReazurBuy26.22K——
2025-03-06Rasul ReazurSell9.34K$35.44331.05K
2025-03-06Rasul ReazurBuy87.42K$35.443.10M
2025-03-06Mason Jeanne KBuy15.70K——
2025-03-06Mason Jeanne KSell4.38K$35.44155.05K
2025-03-06Mason Jeanne KBuy52.33K$35.441.85M
2025-03-06Knight HeatherBuy35.67K——
2025-03-06Knight HeatherSell13.63K$35.44483.19K
2025-03-06Knight HeatherBuy118.93K$35.444.22M
2025-03-06Grade Joel T.Buy29.54K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 722, holders +29 vs prior quarter. Ownership 109.24%.

HolderSharesChangeChange %Value
BLACKROCK, INC.81.84M2.44M+3.07%1.74B
PZENA INVESTMENT MANAGEMENT LLC65.30M767.57K+1.19%1.39B
DODGE & COX58.39M1.13M+1.98%1.24B
FMR LLC53.91M7.65M+16.53%1.15B
VANGUARD CAPITAL MANAGEMENT LLC33.75M247.31K+0.74%719.64M
VANGUARD PORTFOLIO MANAGEMENT LLC24.06M63.84K+0.27%512.90M
STATE STREET CORP20.60M620.51K+3.11%439.40M
GREENHAVEN ASSOCIATES INC14.29M-22.46K-0.16%304.56M
GEODE CAPITAL MANAGEMENT, LLC14.12M360.72K+2.62%300.59M
INVESCO LTD.12.36M-759.29K-5.79%263.56M
UBS GROUP AG9.53M5.21M+120.61%203.16M
FIRST PACIFIC ADVISORS, LP7.62M917.22K+13.69%162.42M
GOLDMAN SACHS GROUP INC7.15M3.28M+84.79%152.45M
EQUITY INVESTMENT CORP6.89M516.27K+8.10%146.82M
MORGAN STANLEY6.36M-988.18K-13.45%135.59M
BANK OF AMERICA CORP /DE/6.24M71.82K+1.16%132.99M
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO6.23M00.00%132.72M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.6.00M6.00MNew127.85M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC6.00M407.16K+7.28%127.85M
DIMENSIONAL FUND ADVISORS LP5.61M-319.65K-5.39%119.68M
NORTHERN TRUST CORP4.86M516.69K+11.89%103.70M
MARSHALL WACE, LLP4.86M2.59M+114.29%103.56M
NORGES BANK4.14M4.14MNew88.37M
LSV ASSET MANAGEMENT3.91M-146.40K-3.60%83.46M
RWC ASSET MANAGEMENT LLP3.33M251.60K+8.18%70.98M

Forecast

Consensus Hold from 16 analysts. Average price target $23.60, -1.5% versus the current price. Low $20.00. High $28.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $23.60 for Baxter International (BAX), 1.5% below the current price of $23.97. Of 16 analysts covering the stock, 3 rate it Buy or Strong Buy, 12 Hold, and 1 Sell or Strong Sell, giving a consensus of Hold.

Forecasts are third-party estimates and often wrong. They are not investment advice.

BAX price target

12-month price target
Low$20.00
Average$23.60
High$28.00

The average is 1.5% below the current price of $23.97.

Is Baxter International a buy or sell?

Of 16 analysts, 3 rate Baxter International Buy or Strong Buy, 12 Hold, and 1 Sell or Strong Sell. The consensus label is Hold. That split is not a recommendation.

Baxter International earnings and revenue forecast

Analyst averages on file: 2026, EPS $2.05, revenue $11.62 billion. 2027, EPS $2.04, revenue $11.87 billion.

BAX score and fair value

The Stocklytics Score for BAX is 32 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

BAX forecast FAQs

What is the BAX price target?

$23.60 average, with a published range of $20.00 to $28.00.

Is Baxter International a buy or sell?

The consensus is Hold from 16 analysts. This is not a recommendation.

What is the Baxter International stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $2.05. The average revenue estimate is $11.62 billion.

What will BAX be worth in 2030?

No reliable forecast exists that far out.

When is Baxter International's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

Baxter International (BAX) Stock Forecast & Price Target

BAX$23.97-1.49 -5.85%

$12.39B

Market Cap

-12.48

P/E

11.69

Forward P/E

32

Score

Price History