Barrington analyst Alexander Paris reiterated a Buy rating on Interface (TILE – Research Report) today and set a price target of $30.00.
Alexander Paris has given his Buy rating due to a combination of factors that highlight Interface’s strong financial performance and potential for future growth. Despite revenue falling short of expectations due to unfavorable foreign exchange rates, the company’s adjusted EBITDA and EPS exceeded forecasts, indicating robust operational efficiency.
Furthermore, Interface’s management has projected continued revenue growth and margin expansion for 2025, supported by a significant backlog increase. The stock’s current valuation, trading at a discount compared to its peers, presents an attractive investment opportunity. With expectations for sustained growth and improving margins, Paris reiterates an OUTPERFORM rating and maintains a 12-month price target of $30, suggesting substantial upside potential.