|
|
|
|
|||||
|
|
|
Loar Holdings Inc. (NYSE:LOAR) is one of the best aerospace and defense stocks to buy according to Wall Street analysts. On December 12, Citi analyst John Godyn initiated coverage of Loar Holdings Inc. (NYSE:LOAR) with a Buy rating and an $83 price target.
According to the research firm, Loar Holdings is one of the companies well-positioned to benefit from megatrends across the commercial aerospace, defense, and space sectors. The research firm expects the trends to create a company with a market cap of at least $1 trillion. Noah Poponak shares similar sentiments, having initiated coverage of the stock with a Buy rating on November 25.
According to the Goldman Sachs analyst, Loar Holdings is an early-stage, high-quality compounder in the aerospace aftermarket sector, standing out for its strong financial profile. Consequently, the analyst has a $91 12-month price target on the stock, asserting confidence in the company’s growth trajectory and strategic positioning.
The wave of positive ratings on Wall Street follows an impressive third-quarter report, whereby the company benefited from strong demand in the defense and aerospace sectors. The company posted record net sales of $126.8 million, a 22.4% year-over-year increase, and also recorded record adjusted EBITDA of $49.1 million.
Loar Holdings Inc. (NYSE:LOAR) is a diversified manufacturer and supplier of niche components for the aerospace and defense industries, creating specialized parts like seatbelts, fire barriers, braking systems, sensors, and control devices for commercial, business, and general aviation.
While we acknowledge the potential of LOAR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.
Disclosure: None. This article is originally published at Insider Monkey.
| Dec-21 | |
| Dec-13 | |
| Dec-12 | |
| Dec-10 | |
| Nov-18 | |
| Nov-12 | |
| Nov-12 | |
| Nov-12 | |
| Nov-12 | |
| Nov-12 | |
| Nov-11 | |
| Nov-11 | |
| Nov-10 | |
| Nov-07 | |
| Nov-05 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite