Lakeland Industries: Buy Rating Affirmed Amidst Robust Fire Segment Growth and Strategic Acquisitions

Maxim Group analyst Matthew Galinko has maintained their bullish stance on LAKE stock, giving a Buy rating today.

Matthew Galinko has given his Buy rating due to a combination of factors that reflect both challenges and opportunities for Lakeland Industries. Despite a soft F1Q26 performance, impacted by tariff uncertainties and delayed orders, the company maintained its FY26 revenue guidance, projecting a significant growth range of 25.6% to 31.6%. This optimism is supported by a robust pipeline in the fire segment, which saw a remarkable 32% year-over-year organic growth in the U.S., indicating strong demand and potential for future deals.
Additionally, the company’s strategic acquisitions have bolstered its product offerings, particularly in the fire protective equipment sector, contributing to a 100% year-over-year sales increase in this segment. While the adjusted EBITDA estimate was lowered due to ongoing risks, the expectation of positive cash flow and the company’s ability to manage working capital effectively provide a solid financial foundation. These factors, combined with a maintained price target of $24, underpin Galinko’s confidence in Lakeland Industries’ growth prospects, justifying the Buy rating.

According to TipRanks, Galinko is a 3-star analyst with an average return of 4.3% and a 39.02% success rate. Galinko covers the Technology sector, focusing on stocks such as Intchains Group Ltd. ADR, Data Storage, and Ondas Holdings.

In another report released today, D.A. Davidson also maintained a Buy rating on the stock with a $23.00 price target.