Craig-Hallum analyst Eric Stine raised the firm’s price target on Blue Bird (BLBD) to $71 from $68 and keeps a Buy rating on the shares. The firm notes it was a strong end to FY24 for Blue Bird, with Q4 revenues/EBITDA/EPS above Street estimates and at record levels for FY24. Importantly, the positive inflection/momentum in the company’s business is set to continue with its FY25 revenue guidance reiterated, its FY25 EBITDA guidance increased but likely still conservative, and its long-term profitability targets tweaked higher again and pointing a clear path to EBITDA of $300M-plus, Craig-Hallum adds.
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Read More on BLBD:
- Blue Bird price target lowered to $63.50 from $66 at BofA
- Blue Bird Corporation Reports Strong Fiscal 2024 Growth
- Blue Bird Reports Record Fiscal 2024 Results
- Blue Bird reports Q4 adjusted EPS 77c, consensus 65c
- Blue Bird options imply 8.9% move in share price post-earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
