Loar Holdings Inc. (NYSE:LOAR) is one of the best industrial stocks to buy according to Wall Street analysts, with a Strong Buy rating and an average price target of $86.56, implying 30.42% upside potential from its current price of $66.37 per share. Goldman Sachs touts Loar’s aerospace market prospects, highlighting its strong financial profile and growth in the industry.

The company recently amended its Credit Agreement, increasing the loan commitment by $175 million to $275 million and extending the term loan’s availability period. Loar reported record third-quarter sales of $127 million, driven by strong demand in aerospace and defense sectors, with a net income of $19 million.

Loar Holdings Inc. (NYSE:LOAR) is a diversified aerospace and defense company specializing in designing and manufacturing critical components for commercial, business, and general aviation. Analysts at Goldman Sachs initiated coverage of the stock with a Buy rating and a $91 price target, praising its steady fundamentals and growth in the aerospace components market.

While acknowledging the investment potential of LOAR, some believe certain AI stocks offer greater upside potential and lower downside risk. For those interested in undervalued AI stocks benefiting from current trends, a free report on the best short-term AI stock is available. Note: No disclosures in this article, originally published by Insider Monkey.

Read more at Yahoo Finance: Goldman Sachs Touts Loar Holdings Inc. (LOAR) Aerospace Market Prospects