Roth Capital has revised its price target for Snap-On (SNA, Financial), reducing it from $393 to $365, while retaining a Buy rating on the shares. This adjustment follows the company's recent Q1 earnings report. Despite the lowered target, the firm remains optimistic about Snap-On's future, highlighting the company's resilience against economic downturns and its robust business model.
Analysts at Roth Capital express confidence in Snap-On's capability to withstand economic fluctuations and tariff impacts due to its recession-resistant operations. However, they cite current market concerns, which bring about uncertainties among repair technicians, as a reason for the revised target. This uncertainty is reportedly surpassing the company's efforts to adapt by offering more affordable tools, diagnostics, and storage solutions.
The move reflects Roth Capital's cautious stance amid market volatility while continuing to endorse Snap-On's long-term potential. The firm's focus on the durability and adaptability of Snap-On's business model remains intact despite the adjusted financial outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Snap-on Inc (SNA, Financial) is $338.41 with a high estimate of $400.00 and a low estimate of $256.24. The average target implies an upside of 10.79% from the current price of $305.44. More detailed estimate data can be found on the Snap-on Inc (SNA) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Snap-on Inc's (SNA, 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 Snap-on Inc (SNA, Financial) in one year is $282.12, suggesting a downside of 7.63% from the current price of $305.44. 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 Snap-on Inc (SNA) Summary page.
