William Blair analyst Brian Drab has maintained their bullish stance on THR stock, giving a Buy rating today.
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Brian Drab has given his Buy rating due to a combination of factors including Thermon Group Holdings’ ability to maintain its full-year guidance despite a challenging first quarter. The company’s revenue for the first quarter was lower than anticipated, primarily due to a delay in backlog conversion, yet management remains confident in achieving their fiscal year targets.
The first quarter saw a decline in organic revenue and adjusted EBITDA compared to the previous year, but these figures were still in line with consensus estimates. The company’s projected revenue and adjusted EPS for fiscal 2026 remain promising, with expectations aligning closely with market consensus. This resilience and potential for growth underpin Drab’s positive outlook on Thermon’s stock.
Drab covers the Industrials sector, focusing on stocks such as Kornit Digital, Xometry, and EnerSys. According to TipRanks, Drab has an average return of 21.3% and a 63.75% success rate on recommended stocks.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $32.00 price target.