Barrington analyst Gary Prestopino has reiterated their bullish stance on SXI stock, giving a Buy rating today.
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Gary Prestopino has given his Buy rating due to a combination of factors including Standex International’s strong financial performance in Q1/26, which saw a significant increase in sales and adjusted EBITDA. The company’s results surpassed expectations, positioning it to exceed its guidance for incremental sales driven by organic growth and acquisitions.
The Electronics and Engineering Technologies segments were key contributors to this growth, with substantial increases in sales and operating income. Additionally, Standex’s strategic focus on fast-growing markets and the successful launch of new products further bolster its growth prospects. The performance of the Amran/Narayan Group, delivering record sales and exceeding expectations, also supports the positive outlook for the company’s future performance.
According to TipRanks, Prestopino is a 4-star analyst with an average return of 7.9% and a 49.80% success rate. Prestopino covers the Consumer Cyclical sector, focusing on stocks such as Dorman Products, ACV Auctions, and OPENLANE.
In another report released today, Roth MKM also maintained a Buy rating on the stock with a $260.00 price target.