William Blair analyst Ryan Merkel has maintained their neutral stance on PAL stock, giving a Hold rating on October 30.
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Ryan Merkel has given his Hold rating due to a combination of factors influencing Proficient Auto Logistics, Inc. Despite the company reporting a 9% increase in EBITDA, which was above expectations, and achieving better-than-expected sales and operating ratios due to new business wins, there are still significant challenges in the market.
The auto haul supply continues to exceed demand, creating pressure on pricing. Additionally, high interest rates and affordability issues are impacting consumer spending on big-ticket items. While the company has expressed optimism for 2026, Merkel prefers to see these positive projections materialize before adjusting his rating.
In another report released on October 30, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $7.50 price target.