Analyst James Ricchiuti of Needham reiterated a Buy rating on Clean Harbors (CLH – Research Report), retaining the price target of $268.00.
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James Ricchiuti has given his Buy rating due to a combination of factors that highlight Clean Harbors’ robust market position and future growth potential. The company is well-positioned as a leader in hazardous waste processing and high-value environmental services, which is expected to drive its performance in 2025 and 2026.
Furthermore, Clean Harbors is set to benefit from increased in-sourcing and a stronger manufacturing environment, alongside its expanded capacity by 12%. The company’s recent financial performance, including a strong fourth quarter, underscores this potential. While the midpoint guidance for adjusted EBITDA in 2025 was slightly below consensus, Ricchiuti believes there is room for upside growth, supported by both organic and inorganic opportunities.
According to TipRanks, Ricchiuti is a 5-star analyst with an average return of 10.3% and a 51.42% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as 3D Systems, TTM Technologies, and Benchmark Electronics.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $300.00 price target.