SiteOne Landscape Supply Inc sees price rise amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: 144
SiteOne Landscape Supply Inc's stock increased by 5.03% as it crossed above the 5-day SMA, reflecting positive momentum in the market.
This movement is attributed to broad market strength, with the Nasdaq-100 up 0.74% and the S&P 500 up 0.65%, indicating a favorable environment for stocks like SITE. The current price of $128.90 is approaching the 52-week high, suggesting a gradual recovery in investor confidence and potential for further buying interest.
As SITE's stock approaches its 52-week high, investors are encouraged to monitor market trends closely, as this could signal continued bullish behavior and attract more investment in the near future.
Analyst Views on SITE
Wall Street analysts forecast SITE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SITE is 141.50 USD with a low forecast of 134.00 USD and a high forecast of 151.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 143.160
Low
134.00
Averages
141.50
High
151.00
Current: 143.160
Low
134.00
Averages
141.50
High
151.00
About SITE
SiteOne Landscape Supply, Inc. is a full product line wholesale distributor of landscape supplies in the United States and has a presence in Canada. Its customers are primarily residential and commercial landscape professionals who specialize in the design, installation and maintenance of lawns, gardens, golf courses and other outdoor spaces. Through its expansive North American network, it offers a selection of approximately 170,000 stock keeping units, including irrigation supplies, fertilizer and control products (e.g., herbicides), hardscapes (including pavers, natural stone, and blocks), landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. It also provides value-added consultative services to complement its product offerings and to help its customers operate and grow their businesses. Its consultative services include assistance with irrigation project take-offs, commercial project planning, and generation of sales leads.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
