e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com - Raymond James raised its price target on Casella Waste Systems (NASDAQ:CWST) to $120.00 from $119.00 while maintaining a Strong Buy rating. The waste management company, currently trading at $88.57 with a market cap of $5.62 billion, has seen analysts set price targets ranging from $88 to $135, according to InvestingPro data.
The firm cited Casella’s unique landfill positioning and ongoing operational improvements as factors offering sustainable organic growth and margin opportunities. This aligns with InvestingPro data showing Casella’s impressive 20.54% revenue growth over the last twelve months, with the company generating $1.8 billion in revenue.
Raymond James also highlighted the systemically tight Northeastern disposal market as a driver of M&A optionality, noting cost pressure on non-integrated haulers could drive EBITDA and free cash flow growth exceeding expectations over time.
The analyst views Casella’s expansion into the Mid-Atlantic region as a key inflection point, given the geographic expansion represented by recent deals with GFL, LMR, and Whitetail.
These acquisitions open up additional growth avenues for the waste management company, according to Raymond James.
In other recent news, Casella Waste Systems reported its third-quarter 2025 earnings, which exceeded analysts’ expectations. The company posted an earnings per share of $0.42, surpassing the projected $0.32, resulting in a 31.25% surprise. Revenue also came in higher than anticipated, reaching $485.4 million compared to the expected $476.49 million. Barclays upgraded Casella Waste Systems’ stock rating from Underweight to Equalweight, citing the company’s improved integration efforts in the Mid-Atlantic region. The financial institution also raised its price target for the company’s stock to $95.00 from $88.00. Barclays highlighted easing margin pressures and reduced execution concerns as reasons for the upgrade. Additionally, Casella Waste Systems raised its guidance for 2025 and provided a favorable outlook for 2026. These developments reflect positively on the company’s operational progress and financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.