ESAB Similar Chart Price Prediction
The price of ESAB is predicted to go up 14.86%, based on the high correlation periods with VLY. The similarity of these two price pattern on the periods is 92.05%.
ESAB
VLY
Up: 14.86%Similarity: 92.05%
ESAB Revenue Forecast
ESAB EPS Forecast
ESAB FAQs
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ESAB VS S&P500
On an organic revenue basis, ESAB has outgrown its two main competitors since 2018.
ESAB has delivered steady and impressive margin expansion, having more than doubled its adjusted operating margin since 2012.
Automation and digital solutions have the potential to reinforce ESAB's moat and deliver revenue growth well above the core welding growth rate.
ESAB Analyst's Forecast
Saree Boroditsky
Jefferies
Strong Buy
2024-12-12
Price Target
$160
Upside
+24.94%
Jefferies initiated coverage of ESAB with a Buy rating and $160 price target. The firm sees a recovery in manufacturing sentiment, bolstered by the potential for lower interest rates, reduced corporate taxes, and deregulation. In the context of this view, the analyst says ESAB is in the early innings of its refreshed product portfolio with another 200 basis points-plus of margin expansion by 2028.
Nathan Jones
Stifel
Strong Buy → Hold
2024-11-18
Price Target
$138 → $130
Upside
+6.24%
David Raso
Evercore ISI Group
Hold → Sell
2024-11-13
Price Target
$102 → $122
Downside
-5.38%
