International Flavors & Fragrances (IFF) stock plummeted 6.57% in the pre-market trading session on Wednesday, following the company's disappointing guidance for the fiscal year 2025. Despite reporting better-than-expected fourth-quarter 2024 results, IFF's outlook for 2025 fell short of analysts' expectations.
The company projected 2025 annual sales to range between $10.6 billion and $10.9 billion, lower than the analyst estimate of $11.16 billion. Additionally, IFF forecast adjusted operating EBITDA for the year to be in the range of $2 billion to $2.15 billion, below the consensus expectation of $2.2 billion.
Analysts have reacted to the downbeat guidance, with some firms adjusting their price targets on IFF stock. However, the overall rating remains overweight, with a mean price target of $101, suggesting potential upside from the current levels.