William Blair analyst Tim Mulrooney has maintained their bullish stance on NVEE stock, giving a Buy rating on April 29.
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Tim Mulrooney’s rating is based on NV5 Holdings’ strong financial performance and strategic positioning. The company reported a notable increase in revenue and adjusted EBITDA, both surpassing consensus estimates, which demonstrates its robust financial health. Additionally, the reaffirmation of full-year guidance with expectations of significant revenue and EPS growth further supports the positive outlook.
Despite challenges in the geospatial sector, NV5 Holdings anticipates a rebound and identifies it as a future growth driver. The company’s resilience against tariff impacts and minimal supply chain risks, along with its focus on high-demand data centers, positions it well for continued success. The current valuation of NV5 Holdings’ shares, being lower than the historical average, presents an attractive investment opportunity, reinforcing the Buy rating.
In another report released on April 29, Lake Street also initiated coverage with a Buy rating on the stock with a $41.00 price target.