PAC Partners analyst Caleb Weng maintained a Buy rating on Laserbond Limited today and set a price target of A$0.70.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Caleb Weng has given his Buy rating due to a combination of factors that highlight Laserbond Limited’s promising growth trajectory. The company’s Services division has shown impressive growth with a 19% compound annual growth rate over the past four years, and this momentum is expected to continue with recent expansions in Queensland and Western Australia. These expansions are anticipated to enhance the company’s capacity and utilization, driven by increased awareness of the benefits of Laserbond’s reclamation services and ongoing ESG reporting.
Furthermore, Laserbond’s commitment to research and development is expected to unlock new applications for its Services division and support the development of new products, thereby diversifying its revenue streams beyond its two major OEM customers. The recent sale of a modular laser cladding system, valued at $2.3 million, to a global manufacturer is seen as a positive indicator for future sales. With a favorable growth outlook and an attractive price-to-earnings ratio for FY26, Weng maintains a Buy recommendation with a price target of $0.70 per share.
According to TipRanks, Weng is a 4-star analyst with an average return of 14.5% and a 57.14% success rate. Weng covers the Technology sector, focusing on stocks such as Credit Clear Limited, DUG Technology Ltd, and EP&T Global Ltd..