Loop Capital cuts E2open stock target to $2, maintains Hold rating

Published 30/04/2025, 13:24
Loop Capital cuts E2open stock target to $2, maintains Hold rating

On Wednesday, Loop Capital Markets adjusted its financial outlook for E2open Parent Holdings (NYSE:ETWO), reducing the price target from $3.00 to $2.00, while sustaining a Hold rating on the company’s stock. The revision follows the firm’s latest financial report, which aligned with expectations, demonstrating a steady business yet facing heightened economic uncertainty. According to InvestingPro data, the stock has experienced a significant 57% decline over the past year, with shares currently trading at $2.10.

E2open’s recent financial performance showed consistency in subscription revenue and Adjusted EBITDA, hitting $133 million and $56 million, respectively, aligning with Loop Capital’s projections. The company also reported strong free cash flow (FCF) at $53 million. InvestingPro data reveals the company maintains a healthy gross profit margin of 65% and generated $74 million in levered free cash flow over the last twelve months. Despite these stable figures, analysts at Loop Capital expressed concerns over the company’s future growth amidst increasing economic challenges.

The firm acknowledged E2open’s efforts in achieving its turnaround goals, which include reducing customer churn, enhancing execution, and revamping its market strategy, all while maintaining a robust profitability margin of 35% in Adjusted EBITDA for the fiscal year 2025. These efforts seem to be paying off as the company continues to attract interest in its global trade products.

E2open’s valuation stands at 2.5 times enterprise value to revenue (EV/Revenue) and 7 times enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) based on calendar year 2026 estimates, which is considered inexpensive by market standards. However, Loop Capital prefers to maintain a cautious stance with its Hold rating, opting to observe a more confirmed recovery trajectory before adopting a more bullish position on the stock.

In other recent news, E2open Parent Holdings reported its fourth-quarter fiscal year 2025 results, showing an earnings per share (EPS) of $0.06, exceeding the forecast of $0.05. However, the company’s total revenue fell slightly short of expectations, coming in at $152.7 million compared to the anticipated $153.01 million, marking a 3.6% year-over-year decline. Despite this revenue miss, the company remains optimistic about a return to positive growth in fiscal year 2026. Analyst Adam Hotchkiss from Goldman Sachs adjusted E2open’s stock target to $2.10, down from $2.30, while maintaining a Sell rating. Hotchkiss acknowledged the company’s efforts to stabilize customer churn but expressed skepticism about significant growth potential in the near term. E2open’s management emphasized a focus on improving customer retention, reducing debt, and enhancing cross-selling capabilities as part of their long-term strategy. Additionally, the company launched new AI tools aimed at improving customer service metrics and operational efficiency. These developments come amidst a challenging operating environment, highlighting E2open’s strategic efforts to navigate market complexities and drive future growth.

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