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Investing.com - DA Davidson has lowered its price target on EVI Industries Inc. (NYSE:EVI) to $35.00 from $40.00 while maintaining a Buy rating on the stock. According to InvestingPro data, the stock is currently trading at $24.99, suggesting a potential 40% upside to DA Davidson’s new target.
The price target reduction follows EVI’s fiscal first quarter 2026 (calendar third quarter 2025) earnings report, where top-line numbers missed the firm’s estimate by less than 1%. Despite the slight miss, EVI has maintained solid revenue growth of 12.63% over the last twelve months.
Despite the slight miss, DA Davidson noted that EVI has accelerated its one-time investments in industry-first e-commerce, CRM, and appointment systems, which are expected to lead to operating leverage once fully operational.
The research firm indicated that these accelerated investments should ultimately be viewed positively by investors, as they could enhance future operational efficiency.
EVI Industries stock declined approximately 7% following the earnings announcement, which DA Davidson suggested could present an opportunity for new investors.
In other recent news, EnviroStar Inc. reported record first-quarter revenue, although it slightly missed analyst expectations. The company’s earnings fell short of estimates due to increased investments in technology and the integration of recent acquisitions. These developments come as EnviroStar continues to expand its operations. Despite the earnings miss, the company achieved significant revenue growth. Analysts had projected higher earnings, but the increased spending on technology and acquisitions impacted the bottom line. This report highlights the company’s ongoing efforts to enhance its technological capabilities and integrate new acquisitions. These recent developments are part of EnviroStar’s strategic growth initiatives.
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