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Investing.com - DA Davidson lowered its price target on Mayville Engineering (NYSE:MEC) to $18.00 from $23.00 on Thursday, while maintaining a Buy rating following the company’s second-quarter 2025 earnings report. According to InvestingPro data, the stock currently trades at $14.66, with analysts’ targets ranging from $20 to $27.
The firm noted that Mayville’s quarterly results largely exceeded expectations, but the company reduced its 2025 guidance due to challenging conditions in the truck market segment. The company generated revenue of $524.61M in the last twelve months, with an EBITDA of $45.04M.
Despite the guidance reduction, DA Davidson highlighted several positive factors for Mayville Engineering, including potential truck segment outperformance in 2026, growth in the datacenter business, facility and cost improvement initiatives, and a positive raw-material trend.
The research firm suggested that Wednesday’s approximately 12% stock price decline following the earnings announcement was likely excessive given these offsetting positive factors.
While DA Davidson reduced its financial projections for Mayville Engineering, it continues to recommend the stock at current valuation levels.
In other recent news, Mayville Engineering Co Inc reported its second-quarter earnings for 2025, showcasing a mixed financial performance. The company exceeded expectations with earnings per share (EPS) of $0.10, outperforming the forecasted $0.08, marking a 25% increase. However, the revenue figures did not meet expectations, coming in at $132.3 million compared to the anticipated $137.97 million. This revenue shortfall has raised concerns among investors, despite the positive EPS results. There were no recent mergers reported for Mayville Engineering Co Inc. Analyst firms have not issued any recent upgrades or downgrades for the company. These developments highlight the current financial landscape for Mayville Engineering Co Inc.
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