NASDAQ · STOCK
Waters Corporation
$377.25
52W $275.05 – $414.15
52/100
$24.59B
47.9
1.20
Is WAT Bullish or Bearish?
Mixed.
Innellis AI committee rates Waters Corporation (WAT) Watch with a composite score of 52/100
, based on 6 analysts with 50% agreement.
Last updated August 01, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +8.16 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -11.84 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — market regime is bullish (bull market -- normal position sizing). Value Analyst remains cautious — p/e of 83.1 is expensive by classic value standards. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 26.4% YoY -- genuine top-line momentum — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- News sentiment is positive (+0.25 across 8 articles, 14d) — News
Bear Case
- P/E of 83.1 is expensive by classic value standards — Value
- Price-to-book of 8.8x prices in significant intangible value — Value
- EPS declining -28.8% YoY despite any revenue growth — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Daily trend (uptrend) conflicts with the weekly trend (downtrend) -- fighting the larger trend — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 01, 2026
Overall Committee Score
52/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 87%
of 93 Healthcare peers
Value Analyst
bearish
25
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− P/E of 83.1 is expensive by classic value standards
Growth Analyst
neutral
47
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Revenue growing 26.4% YoY -- genuine top-line momentum
− EPS declining -28.8% YoY despite any revenue growth
Technical Analyst
neutral
59
/ 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− Daily trend (uptrend) conflicts with the weekly trend (downtrend) -- fighting the larger trend
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.25 across 8 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2535.03)
Investment Thesis Evolution
Committee score moved marginally from 49.6 to 51.8.
- Conviction changed from moderate to contested.
- Committee agreement fell notably from 67% to 50%.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst.
Analyst-level changes:
- Macro Analyst: stance neutral->bullish; score 58->70 (+12).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
Comparing 2026-07-31 to 2026-08-01 (1 day apart).
Technical Analysis
RSI (14)
52.1
Neutral
MACD Histogram
0.076
Bullish Momentum
Trend Direction
Uptrend
Weekly: Downtrend
Market Structure
Mixed
Support
$287.28
Resistance
$385.18
Bollinger %B
0.61
Inside Bands
Price vs Moving Averages
EMA 9
$376.88
Above
EMA 21
$374.06
Above
EMA 50
$365.38
Above
EMA 200
$345.37
Above
Fundamental Analysis
Valuation
64
Growth
41
Profitability
1
Financial Health
91
Cash Flow
37
Valuation
P/E Ratio
47.9×
P/B Ratio
2.03×
PEG Ratio
-1.66
Dividend Yield
0.00%
52W High
$414.15
52W Low
$275.05
Quality & Growth
ROE
25.1%
ROA
12.7%
Gross Margin
55.0%
Operating Margin
17.1%
Revenue Growth YoY
—
Debt / Equity
0.36
AI Fundamental Assessment
P/E ratio of 47.9 (rich relative to a 15-40x range); Price-to-book of 2.0x; PEG ratio of -1.7 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.3%; Return on assets of 0.1%; Net margin of 0.1%; Gross margin of 0.6%; Current ratio of 1.79 (healthy short-term liquidity); Debt-to-equity of 0.36; Free cash flow margin of 0.7% (thin cash generation); Free cash flow per share is positive (3.21); Most recent quarter beat estimates by 14.4%; EPS growth decelerating (+33.2% -> -40.4% QoQ); Analyst estimates falling over recent quarters
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