IPO Roundup: Ingram Micro Holdings, Peak Resources and more (NYSEARCA:IPO)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
0mins
Source: SeekingAlpha
U.S. IPO Market Slowdown: The U.S. IPO market is experiencing a slowdown as investors await the results of the upcoming elections in about two weeks.
Pony AI's IPO Filing: Chinese autonomous vehicle company Pony AI has filed for an IPO on the Nasdaq, marking a significant move in the current market climate.
Analyst Views on LOAR
Wall Street analysts forecast LOAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LOAR is 85.85 USD with a low forecast of 67.25 USD and a high forecast of 97.00 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.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 73.520
Low
67.25
Averages
85.85
High
97.00
Current: 73.520
Low
67.25
Averages
85.85
High
97.00
About LOAR
Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components. The Company's products cover a diverse range of applications supporting major aircraft platforms in use and include auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, customized edge-lighted panels and knobs and annunciators for incandescent and LED illuminated pushbutton switches, among others. It also offers other products, including fans, blowers, motors, and specialized rotating machines. Its fans and brushless motors are used across aerospace and defense platforms. It serves three core end markets, such as commercial aerospace, business jet, and general aviation.
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.
