Stock market today: S&P 500 rides Apple-led tech rally to close higher
Core & Main Inc’s stock reached an all-time high of 65.95 USD, marking a significant milestone for the company. Over the past year, the stock has experienced a notable increase, with a 1-year change of 23.07%. This upward trend reflects growing investor confidence and positive market sentiment towards the company. The achievement of this all-time high underscores Core & Main’s strong performance and potential in the current economic landscape.
In other recent news, Core & Main Inc. reported its Q1 2025 earnings, meeting analyst forecasts with earnings per share of $0.52. The company achieved a revenue of $1.9 billion for the quarter, exceeding expectations of $1.85 billion. This positive revenue performance highlights the company’s solid financial standing. Barclays (LON:BARC) analysts recently raised the stock price target for Core & Main to $69 from $65, maintaining an Overweight rating. They noted the company’s strong long-term prospects and consistent performance in line with its EBITDA and top-line expectations. Similarly, RBC Capital adjusted its price target to $67 from $60, citing stronger first-half volumes and resilient gross margins. RBC Capital also slightly increased its fiscal year 2025 EBITDA estimate to $987 million. These developments reflect a stable outlook for Core & Main, as recognized by multiple analyst firms.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.