Advanced Drainage Systems Is Poised For Market Outgrowth, Economic Moats And Skyrocketing Revenues: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Bryan F. Blair has reiterated an Outperform rating on Advanced Drainage Systems, Inc. (NYSE:WMS), raising the price target to $148 from $140. Blair highlighted the company's expanding partnerships and relationships with top homebuilders, broadening economic moats, and substantial earnings potential. The analyst expects revenues of $2.8 billion and an adjusted EPS of $5.72 for FY24, and revenues of $3 billion and an adjusted EPS of $6.30 for FY25.
August 31, 2023 | 7:03 pm
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Advanced Drainage Systems, Inc. has received an Outperform rating from Oppenheimer analyst Bryan F. Blair, who raised the price target to $148 from $140. The company's expanding partnerships, broadening economic moats, and substantial earnings potential were highlighted.
The analyst's positive outlook on Advanced Drainage Systems, Inc., including the raised price target and the Outperform rating, is likely to boost investor confidence and potentially drive the stock price up in the short term. The company's expanding partnerships and substantial earnings potential were also highlighted, which could further attract investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100