William Blair analyst Jeff Schmitt has maintained their bullish stance on FTDR stock, giving a Buy rating on August 13.
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Jeff Schmitt has given his Buy rating due to a combination of factors discussed during recent investor meetings with Frontdoor’s management. The discussions highlighted the company’s growth potential, particularly through its upgrade program and efforts to boost volumes in the direct channel.
Schmitt also noted the anticipated revenue growth from customers upgrading to newer systems and the addition of new products. Furthermore, the integration of the 2-10 deal is expected to bring significant cost synergies by 2026, which should positively impact earnings per share. These elements collectively support a positive outlook for Frontdoor’s stock.
Schmitt covers the Financial sector, focusing on stocks such as SEI Investments Company, Charles Schwab, and Cboe Global Markets. According to TipRanks, Schmitt has an average return of 9.9% and a 70.37% success rate on recommended stocks.
In another report released on August 13, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $64.00 price target.