SiteOne Landscape Supply, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst W. Andrew Carter from Stifel Nicolaus upgraded the rating on the stock to a Buy and gave it a $157.00 price target.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
W. Andrew Carter has given his Buy rating due to a combination of factors that, in his view, make SiteOne’s recent share weakness a compelling opportunity rather than a sign of deteriorating fundamentals. He believes the stock’s notable underperformance following first-quarter results stems from investor disappointment in reiterated 2026 guidance, cautious commentary on discretionary demand, and softer volumes, but he sees these concerns as overly discounted in the current valuation.
Carter argues that management’s outlook is characteristically conservative and does not fully account for potential benefits from pricing power and gross margin expansion as inflationary dynamics evolve. He maintains an unchanged $157 price target and a 2026 EBITDA forecast above both guidance and consensus, supported by SiteOne’s diversified end-market exposure, self-help margin initiatives, and its role as the leading consolidator in the landscape distribution space, which he expects will reignite investor enthusiasm as execution continues.
In another report released on April 30, Deutsche Bank also upgraded the stock to a Buy with a $160.00 price target.