Bank of America has adjusted its outlook on Latham Group (SWIM, Financial), reducing the stock's price target from $5.40 to $4.75, while maintaining an Underperform rating. This revision comes as part of a broader reassessment of forecasts for companies within the building products sector.
The firm has revised its estimates for 2025 and 2026 downward by approximately 4% and 6%, respectively, citing a decline in renovation and remodeling activities, reduced momentum in new construction projects, and the looming effects of potential tariffs. Alongside these factors, BofA has also reduced the price targets for other companies in this industry by an average of 17%.
The updated outlook reflects concerns over market conditions and the challenges these companies face as economic dynamics shift, impacting their growth prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Latham Group Inc (SWIM, Financial) is $7.11 with a high estimate of $10.00 and a low estimate of $4.00. The average target implies an upside of 52.68% from the current price of $4.66. More detailed estimate data can be found on the Latham Group Inc (SWIM) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Latham Group Inc's (SWIM, Financial) average brokerage recommendation is currently 2.1, 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 Latham Group Inc (SWIM, Financial) in one year is $3.29, suggesting a downside of 29.32% from the current price of $4.655. 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 Latham Group Inc (SWIM) Summary page.
