In a report released today, David Lantz from Wells Fargo maintained a Buy rating on Dorman Products, with a price target of $175.00.
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David Lantz has given his Buy rating due to a combination of factors that highlight Dorman Products’ potential for growth and innovation. The company is positioned to introduce a significant number of new parts annually, which is expected to drive sales, particularly with its promising EPS rack for Ram trucks. Despite short-term challenges from tariffs affecting gross margins, Lantz sees these as temporary issues overshadowed by the company’s long-term growth prospects.
Furthermore, Dorman Products is expected to double its business size every five years through both organic and inorganic growth. The company’s strong position in the heavy-duty and specialty vehicle markets, coupled with its automation initiatives and high-margin new products, supports the potential for margin improvement over time. Lantz also notes that the recent stock pullback provides an attractive entry point, given the company’s sustainable market share gains and innovation-driven pipeline.
In another report released on October 29, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $156.00 price target.