WillScot Mobile Mini's Sustainable Rental Rate Growth Driving Profits: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Scott Schneeberger has reiterated an Outperform rating on WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), raising the price target from $53 to $55. The analyst expects a solid 2Q for WSC with a 9.7% Y/Y revenue growth to $573.7 million and a 17% jump in adjusted EBITDA to $244.2 million. Schneeberger remains positive on the sustainability of WSC's elevated rental rate growth, driven partly by Valued Added Product & Services.
July 12, 2023 | 5:53 pm
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WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) has received an Outperform rating from Oppenheimer analyst Scott Schneeberger, who also raised the price target from $53 to $55. The analyst expects a solid 2Q for WSC with a 9.7% Y/Y revenue growth to $573.7 million and a 17% jump in adjusted EBITDA to $244.2 million.
The positive rating and raised price target from the Oppenheimer analyst indicates a strong outlook for WSC. The expected solid 2Q results, with significant Y/Y revenue growth and jump in adjusted EBITDA, are likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100