Advanced Drainage price target raised to $168 from $158 at RBC Capital

RBC Capital analyst Jeffrey Reive raised the firm’s price target on Advanced Drainage (WMS) to $168 from $158 and keeps an Outperform rating on the shares. The company reported an impressive FY26, delivering 17% Y/Y adjusted EBITDA growth with broad-based upside across its segments and continued positive price/cost contributions, the analyst tells investors in a research note. Despite concerns of further declines in its residential-exposed businesses, the management also reiterated its end-market outlook first issued in July-2025, highlighting confidence in its positioning, the firm added.