Analyst Ki Bin Kim of Truist Financial maintained a Buy rating on Lineage, Inc. (LINE – Research Report), retaining the price target of $65.00.
Ki Bin Kim has given his Buy rating due to a combination of factors that suggest potential growth opportunities for Lineage, Inc. Despite the softer internal growth metrics, the company has secured a significant $1 billion acquisition and development deal with Tyson Foods, which is expected to bolster its financial performance. This strategic move is anticipated to enhance Lineage’s market position and drive future revenue growth.
Furthermore, Lineage maintained its full-year AFFO per share guidance at $3.50, slightly above consensus estimates, indicating management’s confidence in achieving its financial targets. Although the company experienced weaker-than-expected operational performance in the first quarter, particularly in warehouse storage pricing and service volumes, the management remains optimistic about positive growth in the latter half of the year. These factors combined present a compelling case for a Buy rating on Lineage’s stock.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LINE in relation to earlier this year.