SoFi shares rise as record revenue, member growth drive strong Q3 results
Investing.com - UBS has reiterated its Buy rating and $42.00 price target on APi Group Corporation (NYSE:APG), representing a 22% upside from the current price of $34.33, ahead of the company's third-quarter earnings report. According to InvestingPro data, analyst targets range from $37 to $42, with a strong consensus recommendation of 1.4 (Buy).
UBS expects APi Group to report revenue and EBITDA figures similar to consensus estimates for the third quarter, though with slightly lower organic growth expectations due to tougher comparisons in the Specialty segment, offset by higher contributions from mergers and acquisitions and foreign exchange.
The firm anticipates steady growth in APi's Safety Services division, noting that the project environment remains healthy overall for the company's operations.
UBS predicts that assuming in-line third-quarter results, APi Group will likely narrow its full-year guidance around current midpoints, which would result in limited surprises in the company's outlook.
The stock has performed well year-to-date, which UBS attributes to a return to "compounding traits" including mid-single-digit percentage organic growth, margin expansion, and capital deployment, though the firm doesn't expect material changes to forward expectations following the quarterly report.
In other recent news, APi Group Corporation reported impressive second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an adjusted diluted earnings per share (EPS) of $0.39, exceeding the anticipated $0.37. Revenues for the quarter reached $2 billion, marking a 15% increase from the previous year and surpassing the forecasted $1.9 billion. Additionally, Truist Securities has reiterated its Buy rating on APi Group stock, maintaining a price target of $41.00. This decision follows analyst site visits and management meetings with APi Group's leadership, including CEO Russ Becker. These developments highlight the company's robust financial performance and positive outlook from analysts.
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