Reported 1 day ago
Stifel has reaffirmed its 'Buy' rating for Hayward Holdings, Inc. (NYSE:HAYW), setting a price target of $18 following investor meetings with the company's management. The firm noted Hayward's resilience in margin recovery despite post-COVID volume challenges and highlighted strong financial metrics, including a gross profit margin of 51% and a current ratio of 2.84. Projections for fiscal 2025 revenue and EBITDA remain optimistic, and fiscal 2026 forecasts anticipate mid-single-digit revenue growth amidst a slow recovery in the category.
Source: YAHOO