Radiant Logistics: Strategic Growth and Strong Financial Performance Justify Buy Rating

Jason Seidl, an analyst from TD Cowen, reiterated the Buy rating on Radiant Logistics (RLGT – Research Report). The associated price target remains the same with $9.00.

Jason Seidl has given his Buy rating due to a combination of factors including Radiant Logistics’ strong financial performance and strategic growth initiatives. The company exceeded expectations with its adjusted EBITDA and revenue figures, largely driven by project work and recent acquisitions. These results demonstrate Radiant’s ability to capitalize on opportunities like hurricane relief efforts, which significantly boosted their quarterly performance.
Despite some challenges, such as the potential impact of tariffs and a subdued freight environment, the company remains optimistic about its future prospects. The management’s focus on strategic acquisitions and a robust credit facility indicates a commitment to continued growth. This, along with anticipated improvements in the freight market and ongoing agent station conversions, supports the expectation of increased earnings in the latter half of the year, justifying the Buy rating.