Roth Capital's analyst, Chip Moore, has revised the price target for Generac Holdings Inc. (GNRC, Financial), reducing it from $162 to $122. The adjustment comes as the company prepares to release its first-quarter earnings in the upcoming week. Despite maintaining a Neutral rating on the stock, Moore highlights that Generac's core standby business remains robust.
The analyst notes that while confidence in the standby segment is strong, greater clarity is required regarding the company's commercial and industrial (C&I) prospects as well as its clean energy initiatives. Moore suggests that improved transparency in these areas could lead to a more optimistic outlook for Generac's performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Generac Holdings Inc (GNRC, Financial) is $172.58 with a high estimate of $205.00 and a low estimate of $130.00. The average target implies an upside of 54.48% from the current price of $111.72. More detailed estimate data can be found on the Generac Holdings Inc (GNRC) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Generac Holdings Inc's (GNRC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" 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 Generac Holdings Inc (GNRC, Financial) in one year is $160.15, suggesting a upside of 43.35% from the current price of $111.72. 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 Generac Holdings Inc (GNRC) Summary page.
