Northland raised the firm’s price target on Bel Fuse (BELFA) (BELFB) to $266 from $247 and keeps an Outperform rating on the shares. While some investors solely focus on the company’s growing defense business, the firm thinks Bel Fuse has “multiple prongs to its growth story” and contends that FY25 growth and Q1 guidance do not yet reflect growth initiatives.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BELFB:
- Bel Fuse: Strong Operating Momentum and Robust Demand Support Higher Price Target and Buy Rating
- Bel Fuse reports Q4 adjusted EPS $1.88, consensus $1.57
- Bel Fuse sees Q1 revenue $165M-$180M, consensus $164.87M
- BELFB Upcoming Earnings Report: What to Expect?
- Bel Fuse price target raised to $247 from $188 at Northland