Benchmark Co. analyst Reuben Garner maintains $The AZEK (AZEK.US)$ with a buy rating, and maintains the target price at $55.
According to TipRanks data, the analyst has a success rate of 69.1% and a total average return of 20.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The AZEK (AZEK.US)$'s main analysts recently are as follows:
The company is demonstrating robust performance in terms of growth, gaining market share, executing channel inventory, and productivity. Their 'strong' 2025 guidance is noted to become more conservative as the year progresses.
Azek's strategy of leveraging higher-end product mixes and market share gains, alongside the introduction of new products, continues to demonstrate resilience even amidst broader market challenges. The recent uptick in sell-through rates is seen as encouraging, potentially signaling an upward trend for the management's Q1 guidance.
The company concluded FY24 robustly with Q4 sell-through showing significant upticks. Commentary during the earnings call was positive regarding demand and channel inventories. There's potential for surpassing revenue growth expectations in Q1 and FY25, although there are rising concerns about increased competition in the railing segment and potential margin impacts from the launch of value-oriented products.
Note:
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