Blue Bird shares surge 11.35% intraday after BTIG reiterates Buy rating and Barclays raises price target to $55, citing strong Q1 results.

Blue Bird surged 11.35% intraday trading after the company’s fiscal first-quarter 2026 results exceeded expectations, with adjusted EPS of $1.00 (vs. $0.79 est.) and EBITDA of $50 million (vs. $42M est.), alongside a raised EV delivery forecast. The rally coincided with BTIG reiterating a Buy rating with a $65 price target and Barclays increasing its price target to $55, both citing strong operational execution and undervaluation. The stock’s performance also reflected improved average selling prices, revenue of $333 million above guidance, and a 2% upward revision to full-year EBITDA guidance. Analyst optimism, coupled with record quarterly results and a growing EV backlog, fueled the intraday momentum.