What Analysts Are Saying About OneWater Marine Stock
Portfolio Pulse from Benzinga Insights
Analysts have recently updated their ratings and price targets for OneWater Marine (NASDAQ:ONEW), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $33.83, reflecting a positive outlook. The company's financial performance indicates a revenue growth of 13.45% for the last quarter, but challenges in profitability and asset utilization remain, with a net margin of -21.92% and an ROA of -5.71%.
February 02, 2024 | 9:00 pm
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Analysts have a bullish to somewhat bullish sentiment on OneWater Marine, with an updated average 12-month price target of $33.83. The company has shown a revenue growth of 13.45% but faces challenges in profitability and asset utilization.
The positive adjustment in analysts' price targets and ratings reflects a bullish sentiment, likely to influence investor confidence and potentially drive short-term price appreciation. However, the company's underlying financial challenges, such as low profitability and asset utilization, may temper long-term growth expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100