Craig-Hallum bullish on Solo Brands, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Solo Brands with a Buy rating and $8 price target but sees potential for a much higher stock. The firm thinks the company is just getting started with a long growth runway, and a highly compelling risk/reward given its growth, industry-leading margins, and strong free cash flow attributes trading at 5-times EV/EBITDA.