Oppenheimer raised the firm’s price target on Advanced Drainage (WMS) to $175 from $168 and keeps an Outperform rating on the shares. The firm notes shares rose 8.8% after reporting Q2 adjusted EBITDA of $288M and lifting FY26 guidance ranges. Given first half of the year results, current backlog and demand visibility, and operating trends, Advanced Drainage raised its FY26 revenue outlook. Oppenheimer is encouraged by the team’s Q2 performance and remains bullish on the company’s structural advantages, adaptive business model, commitment to higher-margin product mix, and capital deployment runway.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMS:
- Advanced Drainage price target raised to $182 from $166 at Baird
- Advanced Drainage price target raised to $169 from $155 at Deutsche Bank
- Advanced Drainage price target raised to $170 from $159 at KeyBanc
- Advanced Drainage price target raised to $176 from $160 at Barclays
- Advanced Drainage Systems Reports Strong Q2 Fiscal 2026 Results