AI Diagnostics Take Over Veterinary Practices – I Expect New All-Time Highs at IDEXX Laboratories

The jump in the stock price of nearly 22% following the figures from November 2 underscores why I count IDEXX Laboratories (IDXX) among my new favorites among the long-term stocks. The company is transferring the AI healthcare story to veterinary medicine. Dogs and cats from the pandemic boom are getting older, and their diagnostic needs are increasing. At the same time, early detection opens up new examination opportunities. IDEXX can therefore grow even without an increase in veterinary visits. What I particularly like is the interplay of the...