Andrew Obin, an analyst from Bank of America Securities, reiterated the Buy rating on Alliance Laundry Holdings, Inc.. The associated price target remains the same with $37.00.
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Andrew Obin has given his Buy rating due to a combination of factors including Alliance Laundry Holdings, Inc.’s strong third-quarter performance and promising growth prospects. The company’s recent IPO was followed by results that surpassed expectations in revenue, adjusted EBITDA, and adjusted EPS. North American sales showed significant growth, particularly in the laundromat segment, and international markets also performed well, with notable strength in Europe and Asia Pacific.
Furthermore, Alliance Laundry’s commitment to product innovation, such as the introduction of the Stax-X washer-dryer and the Scan-Pay-Wash cashless payment solution, supports sustainable pricing and positions the company for continued success. Management’s expectations for mid-single-digit revenue growth in the upcoming quarter align with these innovations. Additionally, the analyst has raised the 2026 adjusted EBITDA estimate, reflecting confidence in the company’s ability to maintain stable margins and achieve revenue growth, which justifies the Buy rating and the price objective of $37.
In another report released on November 3, BMO Capital also initiated coverage with a Buy rating on the stock with a $30.00 price target.