Holley Analysts Raise Their Forecasts After Better-Than-Expected Q2 Results
Portfolio Pulse from Lisa Levin
Holley Inc. (NYSE:HLLY) reported strong Q2 earnings, beating market estimates, and raised its FY23 guidance. The company's sales were $175.30 million, higher than the expected $172.61 million. Following the announcement, Holley's shares jumped 19.7% to close at $7.43. Telsey Advisory Group, Raymond James, and Canaccord Genuity have all increased their price targets on Holley.
August 11, 2023 | 12:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Holley Inc. reported strong Q2 earnings and raised its FY23 guidance, leading to a surge in its stock price. Analysts have responded by increasing their price targets on the company.
Holley Inc.'s strong Q2 earnings and raised FY23 guidance indicate a positive financial outlook for the company, which has led to a surge in its stock price. This positive news has also prompted analysts to increase their price targets, indicating a positive short-term impact on the company's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100