TD Cowen analyst Jason Seidl has reiterated their bullish stance on RLGT stock, giving a Buy rating today.
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Jason Seidl has given his Buy rating due to a combination of factors including Radiant Logistics’ strong performance in the March quarter, where the company exceeded both his and the consensus forecasts for adjusted EBITDA. The company’s top-line results and gross margins also surpassed expectations, driven in part by acquisitions made in the past year.
Despite a slow start to the June quarter due to trade uncertainties, Seidl is optimistic about future growth as trade negotiations normalize. He acknowledges a temporary air pocket in performance but anticipates a positive impact from easing trade barriers, particularly following the trade deal between the USA and China. Additionally, the customs brokerage segment has shown resilience amid complex trade conditions, suggesting potential for continued strength in this area.
According to TipRanks, Seidl is a top 100 analyst with an average return of 20.3% and a 63.84% success rate. Seidl covers the Industrials sector, focusing on stocks such as TFI International, Union Pacific, and Expeditors International.
In another report released today, Lake Street also maintained a Buy rating on the stock with a $10.00 price target.