Ventum Raises 5N Plus Price Target to $45 From $44
Ventum Capital Markets analyst Daniel Lavoie maintained a Buy rating, raised his price target to $45.00 from $44.00 and increased revenue and earnings forecasts through 2028.
Following 5N Plus's report of record third-quarter Adjusted EBITDA of US$31.1-million, Ventum Capital Markets analyst Daniel Lavoie raised his price target on the company's stock to $45.00 from $44.00. The analyst maintained a "Buy" rating, noting that stronger production volumes, improved operating efficiency, and growing demand from renewable energy, medical imaging, and space applications support further earnings growth. Lavoie also increased his revenue and earnings forecasts through 2028, citing stronger operating performance and a broader range of growth opportunities.
Management's full-year guidance remains conservative, leaving potential for results to exceed expectations as the company continues to benefit from contractual cost pass-throughs.