William Blair analyst Tim Mulrooney has maintained their bullish stance on APG stock, giving a Buy rating yesterday.
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Tim Mulrooney has given his Buy rating due to a combination of factors that highlight APi Group’s strong financial performance and positive outlook. The company reported impressive third-quarter results, with revenue and adjusted EBITDA both exceeding consensus estimates. Organic growth in their safety and specialty services was notably robust, surpassing management’s expectations and demonstrating strong momentum.
Furthermore, APi Group raised its guidance for 2025, projecting revenues and adjusted EBITDA above consensus expectations, which indicates confidence in continued growth. Despite trading at a premium compared to its historical average, the valuation is seen as justified given the company’s improving financial profile. However, potential risks such as capital structure and cost inflation are noted, but the overall outlook remains positive, supporting the Buy recommendation.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $38.00 price target.