Kyle Menges, an analyst from Citi, maintained the Buy rating on Alliance Laundry Holdings, Inc.. The associated price target remains the same with $32.00.
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Kyle Menges has given his Buy rating due to a combination of factors, primarily focusing on the promising growth prospects of Alliance Laundry Holdings, Inc. The company has shown strong performance in its recent quarterly results, leading to a slight increase in the 2025 adjusted EBITDA forecast. This adjustment reflects a positive outlook, as the company’s performance has exceeded previous estimates.
Moreover, Menges highlights the potential for continued revenue and EBITDA growth at a high single-digit percentage annually over the next two years. This optimism is supported by the company’s early stage in penetrating the commercial and industrial laundry market, as well as the anticipated consolidation and technological advancements within the U.S. laundromat industry. These factors contribute to the maintained Buy rating and a price target of $32 for ALH shares.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $37.00 price target.