William Blair analyst Trevor Romeo has reiterated their bullish stance on CWST stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Trevor Romeo has given his Buy rating due to a combination of factors that highlight Casella Waste’s strong performance and future potential. The company’s shares have shown significant resilience, outperforming both the market and its peers following a robust third quarter and a positive update on the Mid-Atlantic integration. This performance, coupled with a leading multiyear growth opportunity and minimal exposure to external risks, suggests that Casella’s valuation premium could return, indicating a fair value exceeding $100 in the near term.
Moreover, the progress in the Mid-Atlantic integration, including successful truck deliveries and billing system conversions, points to a conservative synergy capture of at least $5 million by 2026, with potential for more. Casella’s preliminary financial outlook for 2026, which includes organic revenue growth, margin expansion, and adjusted free cash flow growth, exceeds prior estimates. This, along with a strong M&A pipeline and potential for further synergy capture, suggests further upside potential, reinforcing the Buy rating.
In another report released today, Goldman Sachs also maintained a Buy rating on the stock with a $111.00 price target.