Transcat, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Scott Buck from H.C. Wainwright maintained a Buy rating on the stock and has a $116.00 price target.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Scott Buck has given his Buy rating due to a combination of factors including the strategic management transition plan and the company’s strong financial outlook. Despite the surprise announcement of CEO Lee Rudow’s retirement, Buck is confident that the transition will be smooth, as Rudow will remain in his role until March 2026 to oversee the integration of recent acquisitions. This continuity is expected to prevent any major disruptions in company strategy.
Additionally, Buck highlights the valuation of Transcat’s shares, which he believes are undervalued at current trading levels. The $116 price target reflects a premium multiple, justified by the company’s high visibility in recurring revenue and profitability. Buck sees potential for a 30% upside, driven by revenue growth and expanding gross margins, making TRNS shares an attractive investment opportunity despite potential risks such as dilution and competition.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a $102.00 price target.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRNS in relation to earlier this year.