Joshua Chan, an analyst from UBS, maintained the Buy rating on APi Group. The associated price target was raised to $43.00.
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Joshua Chan’s rating is based on a combination of factors that highlight APi Group’s strong growth prospects. The company has demonstrated broad-based strength across various sectors, with data centers playing a significant role in driving project acceleration. This sector alone is expected to contribute meaningfully to revenue growth, increasing from 6% in 2024 to potentially 8-9% in 2025. The accretive nature of these projects is also expected to enhance project margins, further supporting APi Group’s growth trajectory.
Additionally, APi Group’s disciplined approach to project selection and its diversified exposure across different verticals are expected to mitigate any potential margin pressures. The company’s confidence in re-accelerating incremental margins in Q4 and 2026, along with a robust M&A pipeline, underscores its potential for sustained growth. These factors collectively contribute to Joshua Chan’s Buy rating for APi Group, reflecting a positive outlook on the company’s ability to compound growth through organic expansion, margin improvement, and strategic acquisitions.
According to TipRanks, Chan is a 3-star analyst with an average return of 4.9% and a 51.81% success rate. Chan covers the Industrials sector, focusing on stocks such as Comfort Systems, ARAMARK Holdings, and ManpowerGroup.