Loop Capital has revised its outlook for Azek (AZEK, Financial), adjusting the company's price target from $55 to $49. This decision comes as part of a comprehensive analysis of the decking industry. Despite maintaining a Hold rating on Azek shares, the firm noted a slight drop in demand during the March quarter, which has contributed to a more cautious sales forecast for 2025.
The adjustment in the price target reflects these emerging trends and provides a more conservative view moving forward. Investors have been informed that these adjustments stem from the findings of a recent survey, which highlighted the challenges faced by the company in maintaining its previous growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for The AZEK Co Inc (AZEK, Financial) is $54.17 with a high estimate of $61.00 and a low estimate of $41.90. The average target implies an upside of 16.55% from the current price of $46.48. More detailed estimate data can be found on the The AZEK Co Inc (AZEK) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, The AZEK Co Inc's (AZEK, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The AZEK Co Inc (AZEK, Financial) in one year is $39.23, suggesting a downside of 15.6% from the current price of $46.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The AZEK Co Inc (AZEK) Summary page.
