LGN Should I Buy
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Legence Corp (LGN) does not present a strong buy opportunity for a beginner, long-term investor at this moment. While there are positive catalysts such as raised analyst price targets and revenue growth, the lack of significant trading signals, weak technical indicators, and declining net income suggest a cautious approach. Holding the stock or waiting for clearer entry signals is recommended.
The MACD is negative and expanding (-0.466), indicating bearish momentum. RSI is neutral at 42.218, and moving averages are converging, showing no clear trend. The stock is trading below the pivot level of 49.149, with key support at 45.069 and resistance at 53.229.
Analysts have raised price targets significantly, with targets ranging from $45 to $60, citing AI infrastructure momentum and acquisition benefits. Revenue grew by 26.25% YoY in Q3 2025.
Technical indicators do not show bullish momentum, and there is no recent news or significant trading activity from insiders or hedge funds.
In Q3 2025, revenue increased by 26.25% YoY to $708 million. However, net income dropped by 46.81% YoY to -$576,000, and EPS remained flat at -0.01. Gross margin improved to 17.5%, up 5.42% YoY.
Analysts are optimistic, with multiple firms raising price targets recently. Goldman Sachs raised the target to $52, Stifel to $58, and Tigress Financial to $60, citing growth potential from AI infrastructure and acquisitions. Barclays raised its target to $45 but maintained a neutral stance.
