The stock price of Danaher (NYSE: DHR), a conglomerate with products in environmental, life sciences, and diagnostics fields, is up over 43% since the beginning of this year, significantly outperforming the broader markets, with the S&P 500 up 8%. However, at the current price of around $218 per share, we believe Danaher has downside risk. Why is that? The key is DHR stock is now 140% higher than it was at the beginning of 2018. Our dashboard, Why Danaher Stock Moved 140%? provides the key numbers behind our thinking, and we explain more below.
Some of this growth over the last 2 years is justified by the roughly 15% rise seen in Danaher’s revenues, which