J.P. Morgan analyst Michael Rehaut maintains $The AZEK (AZEK.US)$ with a buy rating, and adjusts the target price from $48 to $58.
According to TipRanks data, the analyst has a success rate of 56.5% and a total average return of 6.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The AZEK (AZEK.US)$'s main analysts recently are as follows:
Following the fiscal Q4 report, it appears that the company's Q1 sales growth forecast of 10%-12% may be understated, not accounting for a potential $5M lift from recent distribution expansions. The firm is viewed positively, particularly for its robust leadership in the composite decking and rail sector. The current stock valuation might not adequately capture the company's accelerated growth in the composite decking arena and its fundamental outlook for the forthcoming two years.
The company is outperforming in areas such as growth, share gain, execution of channel inventory, and productivity. Notably, the firm's 'strong' guidance for 2025 is seen as becoming more conservative as the year progresses.
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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