EnerSys Set To Double EPS In Four Years, Gains Bullish Outlook From Oppenheimer
Portfolio Pulse from Shivani Kumaresan
Oppenheimer analyst Noah Kaye reiterated an Outperform rating on EnerSys (NYSE:ENS) and raised the price target from $110 to $119. The company aims to double EPS in four years through growth acceleration and improving mix/OpEx leverage. ENS announced an MoU with Verkor to develop a domestic Li-ion gigafactory.
June 16, 2023 | 6:08 pm
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Oppenheimer analyst raises EnerSys' price target to $119, citing growth acceleration and MoU with Verkor for Li-ion gigafactory development.
The raised price target and Outperform rating by Oppenheimer analyst Noah Kaye indicate a positive outlook for EnerSys. The company's plans to double EPS in four years, its MoU with Verkor for Li-ion gigafactory development, and its growth opportunities in transportation, telecom, and other markets are all factors that could positively impact ENS stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100