DA Davidson Maintains A Buy Rating On Blue Bird Corporation (BLBD)

Blue Bird Corporation (NASDAQ:BLBD is among 10 Best EV Stocks to Buy Heading into 2026. 

On November 25, 2025, TheFly reported that DA Davidson maintained a buy rating on Blue Bird Corporation (NASDAQ:BLBD) shares and boosted the price goal to $76 from $70. The analyst informs investors in a research note that the company’s Q1 outlook was far ahead of expectations and that revenues and EBITDA exceeded the firm’s predictions and consensus. The firm’s FY26 forecast was maintained as a whole, although it clearly shows the management’s signature conservatism, as the firm stated.

In the last quarter, Blue Bird Corporation (NASDAQ:BLBD) reported net revenue of $409 million, an improvement of 17% year-on-year, with bus net revenue of $384 million and average bus revenue per unit of $153,000. Sales of EVs climbed by 149 units from the previous year to 233 units in Q4. Adjusted EBITDA for the fourth quarter was $68 million, up 64% over the previous year. The quarter’s gross margin was 21%, or 4.1 percentage points better than the previous year, as a result of consistent operational success and pricing outpacing inflationary costs, including tariff effects.

The management reiterated its fiscal 2026 forecast, keeping revenue at $1.5 billion at the halfway point and unit volume at 9,500. Furthermore, with a stated range of $210 million to $230 million and margins between 14.5% and 15%, the business maintained its adjusted EBITDA estimate at $220 million, or a 14.7% margin. The guidance was issued following the record fiscal 2025 performance.

Blue Bird Corporation (NASDAQ:BLBD) is an American firm that makes buses. It is a school bus design and manufacturing company that operates independently.

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