Zoetis stock falls as TD Cowen cuts its target

Published on 09/23/2026 at 07:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zoetis stock traded at USD 70.61 on September 21, 2026, after reaching a 52-week low of USD 70.54. Q2 revenue was USD 2.47 billion and EPS beat consensus by USD 0.02.

ZTS, US98978V1035, Illustration mit AI erstellt.

Zoetis Inc. (US98978V1035) traded at USD 70.61 on the NYSE on September 21, 2026, after touching a new 52-week low of USD 70.54. The pressure followed TD Cowen's August 25, 2026, reduction of its price target to USD 94 from USD 104, while the firm kept its Buy rating, as reported by Yahoo Finance.

Target cut meets weak chart

The September 21 quotation stood below the prior close of USD 71.40, while trading volume reached 434,683 shares. The same market snapshot put the 52-week range at USD 70.26 to USD 148.79, leaving the latest price USD 78.18 below the high and USD 0.35 above the low.

Market capitalization was USD 29.475 billion as of September 21, 2026. The valuation debate is therefore occurring after a measurable reset rather than after a new high: the share price was 52.53 percent below the 52-week peak of USD 148.79.

Q2 revenue reached USD 2.47 billion

Zoetis reported second-quarter 2026 revenue of USD 2.47 billion and adjusted EPS of USD 1.87, according to MarketBeat. EPS exceeded the USD 1.85 consensus estimate by USD 0.02, a 1.08 percent beat, while revenue was below the cited USD 2.50 billion forecast by USD 0.03 billion.

For fiscal year 2026, Zoetis maintained adjusted EPS guidance of USD 6.15 to USD 6.25, according to MarketBeat. The contrast is important: quarterly earnings cleared consensus by USD 0.02, but revenue missed the forecast by USD 30 million, leaving demand and growth expectations central to the valuation discussion.

Stock remains near its yearly floor

The September 21 price of USD 70.61 was only USD 0.35, or 0.50 percent, above the 52-week low of USD 70.26. A separate September 22, 2026, valuation discussion placed fair value at USD 92.92 and described the stock as 23 percent below that estimate, while also citing a 43.35 percent year-to-date decline, according to Simply Wall St. The figures frame the stock as a recovery-versus-demand case, not as a simple earnings beat.

USD 70.61 remains the reference price

Zoetis stock was last quoted at USD 70.61 on the NYSE as of September 21, 2026. The next earnings date listed for the company is November 3, 2026, according to Yahoo Finance.