Vestis Corp Soars 11% on Bullish Earnings Outlook

Vestis Corp (NYSE:VSTS) surged 11% in pre-market trading on April 25, 2025, marking a significant rise in its stock price.

Vestis Corp has been experiencing a volatile trading period, with its stock price fluctuating significantly over the past few weeks. The company's recent performance has been influenced by various factors, including market sentiment and internal developments. In the last trading session, Vestis Corp saw a notable increase in its stock price, which has been attributed to positive market sentiment and investor confidence in the company's future prospects.

Analysts have assigned a consensus price target of $13 to the stock, which implies a rise of 36.15% from its current value. This optimistic outlook is supported by the company's projected earnings growth rate of 11.52% for 2025 and an estimated 21.63% growth over the next five years. The company's revenue growth is also expected to rise by 0.58% from the previous financial year, further bolstering investor confidence.

Vestis Corp's major holders include CORVEX MANAGEMENT LP, which holds 17.01 million shares worth $208.01 million, and BLACKROCK INC., which holds 15.43 million shares worth $188.74 million. These institutional investors, along with other corporate investors, hold a significant stake in the company, indicating their confidence in its long-term prospects.