Floor & Decor Set For Strong 2025: Analyst Highlights Potential Turnaround And Market Share Gains
Portfolio Pulse from Shivani Kumaresan
Truist Securities analyst Keith Hughes maintains a Buy rating on Floor & Decor Holdings Inc (FND) and increases the price target from $97 to $102. Hughes anticipates the flooring industry to rally first due to quick demand trend changes and expects FND to experience a turnaround and market share gains. The analyst predicts a strong 2025 for FND, driven by store openings and a demand recovery, and raises the 2024 EPS estimate to $2.08. FND's stock price has risen by 1.10% to $90.78.
November 20, 2023 | 7:09 pm
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Truist Securities analyst Keith Hughes reiterates a Buy rating on FND and raises the price target to $102, predicting a strong 2025 with market share gains and a demand recovery.
The positive outlook from the analyst, including the raised price target and the anticipation of a strong 2025, is likely to instill confidence in investors and could lead to a short-term increase in FND's stock price. The reiteration of the Buy rating and the raised EPS estimate for 2024 further support the potential for stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100