Canaccord Genuity Boosts Holley Price Target to $6.00 Amid "Buy" Rating

Canaccord Genuity analyst Brian McNamara has raised the price target for Holley Inc (HLLY) from $5.00 to $6.00, a 20% increase, while maintaining a "Buy" rating. The analyst's update comes after several assessments on the company's stock over recent months. The average target price for Holley Inc is $3.90, with a high estimate of $6.00 and a low estimate of $3.00, indicating an upside of 34.02% from the current price of $2.91.

Canaccord Genuity analyst Brian McNamara has raised the price target for Holley Inc (HLLY) to $6.00 from $5.00, representing a 20% increase, while maintaining a "Buy" rating. The analyst's update follows several recent assessments on the company's stock. The average target price for Holley Inc is $3.90, with a high estimate of $6.00 and a low estimate of $3.00, indicating an upside of 34.02% from the current price of $2.91 [1].

The price target increase comes after Holley Inc's second-quarter 2025 results, which exceeded expectations. The company reported a 3.9% increase in organic sales, with adjusted EBITDA coming in at $36.4 million, surpassing both Telsey Advisory Group's forecast of $34.0 million and the FactSet consensus of $34.8 million [2]. Despite a 1.7% decrease in overall sales to $166.7 million, core sales excluding divested businesses and phased-out products increased by 3.9% year-over-year [2].

Canaccord Genuity highlighted Holley Inc's solid operational efficiency, with a gross profit margin of 43.5% and a strong current ratio of 2.93. The analyst also noted the company's conservative sales and profitability guidance for the second half of the year, which now accounts for tariffs, reducing uncertainty for investors. Furthermore, the company's stock has shown impressive momentum, with a 31% gain compared to the Russell 2000's 0.2% decline on Thursday, July 2, 2025 [1].

Investors are closely watching Holley Inc's recent financial results, as the company's revenue performance has been strong despite missing earnings per share (EPS) expectations. Holley Inc's stock price surged by 15.69% in pre-market trading following the earnings release, reflecting positive investor sentiment [3].

References:

[1] https://ca.investing.com/news/analyst-ratings/canaccord-genuity-raises-holley-stock-price-target-to-6-on-strong-q2-results-93CH-4143108
[2] https://www.investing.com/news/analyst-ratings/holley-stock-price-target-raised-to-350-from-275-at-telsey-93CH-4174257
[3] https://za.investing.com/news/transcripts/earnings-call-transcript-holley-incs-q2-2025-revenue-beats-expectations-93CH-3823128