WD-40 price target raised to $305 from $270 at DA Davidson
DA Davidson raised the firm's price target on WD-40 to $305 from $270 and keeps a Buy rating on the shares. The company delivered a strong beat in Q3 with top-line strength and upside to gross margins, leading to significant flow through against a relatively stable cost structure, the analyst tells investors in a research note. The impact from higher input costs will be felt with a lag into Q4, and the full year guidance raise coming in less than the beat implies some give back to the upside this quarter, but the firm still expects that the second half of 2026 will be better than anticipated as FY26 estimates go up, DA Davidson added.
DA Davidson raised the firm's price target on WD-40 to $305 from $270 and keeps a Buy rating on the shares.
The company delivered a strong beat in Q3 with top-line strength and upside to gross margins, leading to significant flow through against a relatively stable cost structure, the analyst tells investors in a research note.
The impact from higher input costs will be felt with a lag into Q4, and the full year guidance raise coming in less than the beat implies some give back to the upside this quarter, but the firm still expects that the second half of 2026 will be better than anticipated as FY26 estimates go up, DA Davidson added.