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Snap-On stock price target raised to $307 from $285 at BofA Securities

Published 17/10/2025, 11:38
Snap-On stock price target raised to $307 from $285 at BofA Securities
SNA
0.33%

Investing.com - BofA Securities raised its price target on Snap-On (NYSE:SNA) to $307.00 from $285.00 on Friday, while maintaining an Underperform rating on the stock. According to InvestingPro data, analyst targets for the stock range from $285 to $400, with the company maintaining impressive gross profit margins of 52%.

The price target increase follows Snap-On’s third-quarter results, which exceeded consensus expectations and were broadly in line with BofA’s estimates. Diagnostic sales were highlighted as a key factor in stabilizing the company’s performance. The company’s strong financial position is reflected in its "GREAT" health score from InvestingPro, with notable achievements including 55 consecutive years of dividend payments.

BofA noted that diagnostic sales helped keep Tools segment growth positive and benefited the RS&I margin. The Tools segment appears to have found a floor with sequential growth, and the firm observed incrementally positive commentary from Snap-On Financial Credit (SFC) regarding mid-single-digit order growth.

Despite these improvements, BofA sees limited upside potential for Snap-On in 2026. The firm expects volatility to constrain demand from both technicians and C&I customers.

BofA projects below-average earnings growth for Snap-On in 2026, in line with consensus estimates, making the current valuation premium compared to historical levels difficult to justify at 17x 2026 estimated earnings per share.

In other recent news, Snap-On Inc. reported its third-quarter 2025 earnings, exceeding Wall Street expectations. The company announced an earnings per share (EPS) of $5.02, surpassing the forecasted $4.63. Additionally, Snap-On’s revenue reached $1.19 billion, outpacing the anticipated $1.16 billion. These results highlight the company’s strong financial performance. Investors responded positively to the announcement, reflecting confidence in Snap-On’s strategic direction. The earnings call highlighted the company’s ability to outperform market projections. Such financial achievements are significant for stakeholders evaluating the company’s recent developments.

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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