William Blair analyst Ross Sparenblek has reiterated their bullish stance on SXI stock, giving a Buy rating on October 27.
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Ross Sparenblek has given his Buy rating due to a combination of factors that highlight Standex International’s strong performance and promising future prospects. The company reported robust fiscal first-quarter results, driven by healthy demand trends in its electronics segment, particularly within the Standex Electronics Grid business. This segment achieved record orders, indicating a solid foundation for future growth.
Furthermore, Standex’s management anticipates midsingle-digit organic growth in the upcoming fiscal quarters and significant revenue growth by fiscal year 2026. The company’s strategic focus on fast-growing markets and new product introductions is expected to contribute positively to its growth trajectory. Additionally, the engineered technologies segment showed impressive organic growth, supported by increased aerospace production and strong defense and commercial space activity. These factors, combined with ongoing cost-out actions and the scaling of higher-margin new products, underpin Sparenblek’s optimistic outlook and Buy rating for Standex International.
Sparenblek covers the Industrials sector, focusing on stocks such as Federal Signal, SPX, and JBT Marel. According to TipRanks, Sparenblek has an average return of 15.2% and a 73.81% success rate on recommended stocks.
In another report released on October 27, Barrington also maintained a Buy rating on the stock with a $260.00 price target.