Roth Capital Raises Dorman Products Price Target to $182 from $170

Roth Capital raised Dorman Products' price target to $182 from $170 and maintained a Buy rating. The firm believes there is no sign of a slowdown in demand for the company's core Light Duty segment and expects meaningful earnings growth in FY25 and FY26. Dorman's unique growth engine is seen as a key factor in the company's ability to double in size every five years.

Several leading financial institutions have initiated coverage on Dorman Products (DORM), a supplier of replacement and upgrade parts in the motor vehicle aftermarket industry, with a collective bullish outlook. Wells Fargo has assigned an "Overweight" rating and a price target of $175 [2], while Roth Capital Partners recently raised the price target to $182 from $170, maintaining a "Buy" rating [5]. These ratings reflect strong confidence in the company's growth prospects and earnings potential.

Wells Fargo analysts highlight Dorman's robust product classes, including powertrain, chassis, motor vehicle body, and hardware, which cater to passenger cars, light, medium, and heavy-duty trucks, as well as specialty vehicles. The company's products are sold primarily through aftermarket retailers, dealers, distributors, and specialty markets. Roth Capital Partners, on the other hand, underscores the company's unique growth engine, which is seen as a key factor in its ability to double in size every five years. The firm expects meaningful earnings growth in FY25 and FY26, with no signs of a slowdown in demand for the company's core Light Duty segment.

These analyst ratings provide valuable insights for investors looking to make informed decisions. The "Overweight" and "Buy" ratings suggest bullish sentiment, while the increased price target indicates strong confidence in Dorman's growth prospects. Investors should consider these new ratings as part of their investment strategy, taking into account the specific growth opportunities and risks associated with the company.

References:
[1] https://www.ainvest.com/news/bullish-notes-analysts-initiate-coverage-dorman-products-qxo-netgear-immunome-2508/
[2] https://www.marketscreener.com/news/wells-fargo-initiates-dorman-products-at-overweight-with-175-price-target-ce7c50dade88fe21
[3] https://www.gurufocus.com/news/3075309/stifel-initiates-coverage-on-netgear-ntgr-with-a-buy-rating-ntgr-stock-news
[4] https://uk.finance.yahoo.com/news/netgear-turnaround-under-ceo-could-160806627.html
[5] https://www.rothcapital.com/news/dorman-products-price-target-raised-to-182