Analyst Jason Seidl of TD Cowen reiterated a Buy rating on Radiant Logistics, reducing the price target to $8.00.
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Jason Seidl has given his Buy rating due to a combination of factors that highlight Radiant Logistics’ strategic positioning and financial resilience. Despite a modest miss in the adjusted EBITDA for the June quarter, the company is actively pursuing expansion through mergers and acquisitions, which are expected to drive growth as the demand picture improves. The company’s core business is anticipated to remain stable, with potential growth largely attributed to these strategic acquisitions.
Radiant Logistics maintains a strong financial position, with more cash on its balance sheet than debt, allowing it to comfortably leverage up for attractive acquisitions. The company has a robust agent conversion pipeline, providing a multi-year growth runway. While the price target has been adjusted to $8 due to current market conditions, the potential for upside remains if the company continues its M&A activities into fiscal ’26. These factors collectively support the Buy rating, reflecting confidence in the company’s long-term growth prospects.
According to TipRanks, Seidl is a 5-star analyst with an average return of 20.7% and a 62.40% success rate. Seidl covers the Industrials sector, focusing on stocks such as CSX, Norfolk Southern, and XPO.
In another report released today, Lake Street also maintained a Buy rating on the stock with a $8.00 price target.