Sherif El-Sabbahy, an analyst from Bank of America Securities, reiterated the Buy rating on Blue Bird (BLBD – Research Report). The associated price target is $52.00.
Sherif El-Sabbahy has given his Buy rating due to a combination of factors that highlight Blue Bird’s strong performance and strategic initiatives. The company has demonstrated robust operational improvements, which have led to outperformance and a positive financial outlook. Despite uncertainties surrounding EV funding, Blue Bird has managed to secure significant funding for its EPA Clean School Bus program, with further rounds expected to support its growth.
Additionally, Blue Bird’s proactive approach in managing tariffs and price increases has helped maintain its financial targets. The company reported record revenue and EBITDA, exceeding expectations, and has a substantial backlog that supports future production. With a price objective of $52, reflecting a 38% upside, El-Sabbahy’s valuation aligns with Blue Bird’s historical performance, making it a compelling investment opportunity.
In another report released today, Barclays also maintained a Buy rating on the stock with a $50.00 price target.