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FGI Industries stock price target raised to $10 by Benchmark

Published 14/08/2025, 14:46
FGI Industries stock price target raised to $10 by Benchmark
FGI
1.50%

Investing.com - Benchmark raised its price target on FGI Industries (NASDAQ:FGI) to $10.00 from $2.00 on Thursday, while maintaining a Speculative Buy rating on the stock. According to InvestingPro data, the stock is currently trading at a low Price/Book multiple of 0.33x and appears undervalued based on Fair Value analysis.

The price target adjustment follows FGI Industries’ second-quarter 2025 results, which Benchmark described as "lighter than anticipated" due to early quarter tariff uncertainty that temporarily paused demand. The company’s financial health score is currently rated as ’Weak’ by InvestingPro, which offers 11 additional key insights about FGI’s performance and outlook.

Despite this disruption, the company reported sales growth of approximately 5.5% year-over-year, driven by continued expansion in Canada and Europe, while U.S. sales declined slightly by about 40 basis points.

Benchmark noted that FGI’s internal initiatives successfully drove higher revenues across its Sanitaryware, Bath Furniture, and Kitchen Cabinetry product lines, and the company has largely regained its pre-tariff momentum.

The research firm adjusted its earnings per share estimates for fiscal years 2025 and 2026 to ($0.25) and $0.50 respectively, reflecting FGI’s recent reverse stock split, while the company maintained its previous full-year 2025 guidance.

In other recent news, FGI Industries reported its Q2 2025 earnings, which fell significantly short of expectations. The company posted an earnings per share (EPS) of -$0.64, compared to the anticipated -$0.03, marking a negative surprise of 2033.33%. Additionally, FGI Industries reported revenue of $31 million, which was below the forecasted $33.46 million. Despite these results, the company’s stock experienced a rise in premarket trading. These developments are part of recent news surrounding FGI Industries.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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