Barrington analyst Alexander Paris reiterated a Buy rating on Interface today and set a price target of $32.00.
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Alexander Paris has given his Buy rating due to a combination of factors including Interface’s strong third-quarter performance and optimistic future outlook. The company exceeded expectations with a 5.9% increase in net sales, reaching $364.5 million, and demonstrated a significant improvement in its adjusted gross profit margin, which rose to 39.5%. This performance surpassed both the analyst’s and the market’s estimates, indicating robust operational efficiency and profitability.
Furthermore, Interface has raised its full-year guidance, projecting increased net sales and improved profit margins, which suggests continued growth momentum. The stock is also trading at a discount compared to its peers, making it an attractive investment opportunity. With these positive indicators and a recently increased 12-month price target of $32, representing a 25% upside, Paris reiterates an OUTPERFORM rating, reflecting confidence in the company’s ability to deliver strong returns.
Paris covers the Consumer Defensive sector, focusing on stocks such as Stride, Adtalem Global Education, and Perdoceo Education. According to TipRanks, Paris has an average return of 15.8% and a 64.88% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $30.00 price target.