Analyst Sheila Kahyaoglu of Jefferies maintained a Buy rating on Cadre Holdings (CDRE – Research Report), reducing the price target to $40.00.
Sheila Kahyaoglu’s rating is based on a combination of factors that highlight Cadre Holdings’ strong financial performance and strategic growth opportunities. The company concluded the fourth quarter with a significant revenue increase of 41% year-over-year, surpassing expectations by 3%. This growth was driven by successful acquisitions and robust performance in the Armor and Duty Gear segments, which helped the company recover from previous disruptions.
Looking ahead, Cadre Holdings has set a revenue guidance for 2025 that, while slightly below consensus, aligns with Jefferies’ estimates and suggests continued growth potential. The company’s strategic initiatives, including the integration of recent acquisitions and potential M&A activities, are expected to contribute positively to its financial outlook. Additionally, Cadre Holdings has maintained a strong balance sheet with manageable debt levels, positioning it well for future expansion. These factors collectively support the Buy rating given by Sheila Kahyaoglu.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $40.00 price target.
CDRE’s price has also changed slightly for the past six months – from $35.030 to $35.230, which is a 0.57% increase.
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