ESAB stock upgraded by Evercore after selloff, forecast lower earnings, challenges from foreign currency

From Stocktwits: 2025-02-24 02:14:12

ESAB Corp (ESAB) stock fell 2.7% last week, but Evercore upgraded it to ‘In Line’ from ‘Underperform.’ The new price target set by analyst David Raso is $120, slightly lower than the previous target of $122. The company forecasted 2025 core adjusted earnings between $5.10 and $5.25 per share, below Wall Street’s estimate of $5.38. ESAB expects challenges from foreign currency to impact sales in 2025. Despite recent stock weakness, Evercore believes the company’s guidance is conservative. Retail sentiment on Stocktwits remains ‘bullish’ for ESAB stock. The company’s PE ratio is 24.1, indicating profitability.



Read more at Stocktwits: ESAB Stock Receives Evercore Upgrade After Recent Selloff, Retail Stays Bullish