Emerald Expositions Events: Strategic Growth and Financial Outlook Justify Buy Rating

In a report released yesterday, Allen Klee from Maxim Group reiterated a Buy rating on Emerald Expositions Events (EEX – Research Report), with a price target of $8.00.

Allen Klee has given his Buy rating due to a combination of factors, including Emerald Expositions Events’ strategic growth initiatives and financial outlook. The company has reported a 5% year-over-year increase in revenue for the fourth quarter of 2024, despite facing challenges such as timing issues and weather disruptions. This growth is driven by new organic events, mergers and acquisitions, and advancements in AI, which are expected to continue bolstering the company’s performance.
Furthermore, Emerald Expositions Events has announced two acquisitions that are projected to significantly contribute to revenue and adjusted EBITDA in 2025. The management’s guidance for 2025 indicates a substantial increase in both revenue and adjusted EBITDA, surpassing previous estimates. With a strong cash position and a manageable net leverage ratio, the company is well-positioned to fund its operations, dividends, and share repurchases. The stock’s valuation, based on future EBITDA estimates, supports the Buy rating with a price target reflecting an anticipated growth trajectory.

In another report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $7.80 price target.