Liquidity Services price target raised to $35 from $27 at Barrington

Barrington raised the firm’s price target on Liquidity Services (LQDT) to $35 from $27 and keeps an Outperform rating on the shares. The company’s better-than-expected Q4 results were driven by growth in gross merchandise volume and increased auction participation, with adjusted EBITDA rising 13% year-over-year as well, the analyst tells investors in a research note. The firm added that investments in growth initiatives over the last two fiscal years have set the stage for a potentially strong year in FY25.