Jefferies analyst Stephanie Moore maintains $UL Solutions (ULS.US)$ with a buy rating, and maintains the target price at $62.
According to TipRanks data, the analyst has a success rate of 65.1% and a total average return of 19.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $UL Solutions (ULS.US)$'s main analysts recently are as follows:
The firm remarked that UL Solutions' performance exceeded forecasts, with stronger than anticipated organic growth and notable margins, particularly within the consumer sector.
Surprise was expressed regarding UL Solutions' decline despite a robust third quarter and raised guidance. The company's choice to escalate investments appears to be yielding benefits, with anticipation for continued advantages from significant trends like the Internet of Things and the energy transition.
UL Solutions experienced a robust Q3 performance, attributed to advantageous broader industry trends and the company's strategic positioning to leverage such trends. The projection for the second half appears to be conservative. The anticipated increase in the FY25 EBITDAR estimate was a contributing factor behind the minor adjustment in the expected valuation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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