Helios Tech stock price target raised to $64 from $61 at KeyBanc

Investing.com - KeyBanc has raised its price target on Helios Technologies (NYSE:HLIO) to $64.00 from $61.00 while maintaining an Overweight rating on the stock. The new target represents potential upside from the current price of $56.58, with shares already having surged 101.77% over the past six months.

The price target increase follows Helios Tech’s third-quarter 2025 earnings release, which KeyBanc described as a "solid beat/raise" driven primarily by the company’s electronics segment. With a forecast EPS of $2.43 for FY2025, the company currently trades at a P/E ratio of 53.85, which InvestingPro identifies as a high earnings multiple relative to near-term growth.

KeyBanc noted that despite facing easy comparisons on a multi-year basis, the firm was encouraged by improved operating trends and evidence of better execution by the company.

The investment bank highlighted "emerging self-help tailwinds" as Helios implements a more rigorous approach to its go-to-market strategy and portfolio management, which is contributing to more consistent execution.

KeyBanc also raised its estimates for Helios Tech, suggesting the stock could see a higher valuation as investors recognize these operational improvements.

In other recent news, Helios Technologies reported impressive second-quarter results for 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share of $0.59, exceeding the anticipated $0.50, and reported revenue of $212.5 million compared to the forecasted $201.47 million. In a strategic move, Helios Technologies completed the sale of its hydraulic fluid power solutions provider, Custom Fluidpower, to Questas Group. This transaction includes a long-term exclusive distribution agreement, ensuring Helios maintains its strategic position in the Australian hydraulics market. Additionally, Helios Technologies declared a quarterly cash dividend of $0.09 per common share, continuing its 28-year history of consecutive quarterly dividend payments. KeyBanc recently raised its price target for Helios Technologies to $61, maintaining an Overweight rating, following discussions with the company’s CEO. These developments highlight Helios Technologies’ ongoing strategic initiatives and financial performance.

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