Guggenheim analyst Joseph Osha raised the firm’s price target on Shoals Technologies (SHLS) to $12 from $8 and keeps a Buy rating on the shares following the company’s release of its Q3 results last week. The firm views its revised target EBITDA multiple of 15.9-times its 2026 estimates as “moderately extended,” but also notes that consensus expectations for 2026 “appear to be too low” based on its recent conversations with the company, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHLS:
- Shoals Technologies price target raised to $7 from $6 at Mizuho
- Shoals Technologies Appoints New Chief Accounting Officer
- Shoals Technologies price target raised to $15 from $10 at Roth Capital
- Shoals Technologies price target raised to $11 from $8 at Goldman Sachs
- Shoals Technologies price target raised to $12 from $9 at UBS