Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - DA Davidson has reiterated its Buy rating and $285.00 price target on Nordson (NASDAQ:NDSN) following virtual roadshow meetings with the company’s CFO Dan Hopgood and other senior personnel. The target represents a potential 21% upside from the current price of $235.66. According to InvestingPro data, the stock has shown impressive momentum with a 32.7% gain over the past six months.
The research firm reported stable overall demand trends for Nordson, noting that destocking trends within the company’s MTS segment are "finally nearing an end," which positions the company for more normalized organic performance in fiscal year 2026. The company maintains strong fundamentals with a 54.6% gross profit margin and has demonstrated consistent performance with 46 consecutive years of dividend payments.
DA Davidson analyst Matthew Summerville indicated that these meetings reinforced the firm’s "overall positive thesis" on Nordson, particularly considering expectations for "a reacceleration in organic growth in FY26."
The firm also highlighted that merger and acquisition opportunities for Nordson "appear plentiful," though the company is being "appropriately selective" as it works to improve its M&A credibility.
Nordson’s balance sheet and free cash flow profile remain solid, according to DA Davidson’s assessment following the management meetings held last week.
In other recent news, Nordson’s financial performance has caught the attention of several investment firms, leading to various updates on the company’s stock ratings and price targets. Oppenheimer raised its price target for Nordson to $275, maintaining an Outperform rating, after the company posted a moderate sales and operational beat. Similarly, DA Davidson reiterated its Buy rating with a $285 price target, highlighting strong demand and healthy order entries in key markets. The firm also adjusted its fiscal year 2026 projections upward due to expected improvements in operating margins following a pending divestiture.
Jefferies increased its price target to $240, citing stronger-than-expected quarterly results and achievable fourth-quarter guidance, while maintaining a Hold rating. KeyBanc also reiterated its Overweight rating with a $250 price target, noting robust performance in Nordson’s Advanced Technology Systems segment. Analysts have pointed to Nordson’s operational earnings exceeding expectations, with DA Davidson noting a $0.12 per share beat in their estimates. These developments reflect a positive outlook from analysts regarding Nordson’s recent financial results and future prospects.
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