Needham analyst James Ricchiuti maintained a Buy rating on Clean Harbors today and set a price target of $308.00.
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James Ricchiuti has given his Buy rating due to a combination of factors, starting with Clean Harbors’ stronger‑than‑expected fourth quarter, where revenue and adjusted EBITDA both surpassed market forecasts, capped by the fastest quarterly sales growth of the year. He also highlights that management’s guidance for 2026 appears achievable and potentially conservative, suggesting room for the company to deliver results ahead of current expectations.
Ricchiuti notes that the Environmental Services segment is showing solid momentum, even as management prudently builds in a cautious view on the underperforming Industrial Services sub‑segment. This favorable setup into 2026, together with the market’s positive reaction to recent results and outlook, underpins his decision to reaffirm a Buy rating and to raise his price target to $308, reflecting confidence in further upside for the stock.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $320.00 price target.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLH in relation to earlier this year.