Deep Dive Into Fox Factory Hldg Stock: Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Fox Factory Holding Corp (NASDAQ:FOXF) has seen a shift in analyst sentiment, with recent evaluations showing a decrease in the average price target by 24.65% to $54.00. The company faces challenges in revenue growth, profitability, and asset utilization, as indicated by a revenue decline of -18.63%, a net margin of 1.22%, and ROA of 0.21%. Despite these challenges, its debt-to-equity ratio of 0.62 suggests a sound financial structure. Analysts from firms like Stifel, B of A Securities, and Truist Securities have adjusted their ratings and price targets, reflecting concerns over the company's performance and market conditions.

April 24, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fox Factory Holding Corp faces a negative shift in analyst sentiment, with a significant decrease in the average price target and concerns over revenue growth and profitability. Despite a sound financial structure, the company's performance metrics indicate potential challenges ahead.
The decrease in the average price target by 24.65% and the negative revenue growth of -18.63% suggest analysts are concerned about Fox Factory's short-term performance. The sound financial structure indicated by a debt-to-equity ratio of 0.62 provides some positive aspect, but the overall sentiment shift and performance metrics lead to a negative outlook for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100