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Perimeter Solutions saw a 10% rise in shares to $10.02 after UBS upgraded the company to "buy," citing increased demand for fire retardants due to recent wildfires. Analysts predict a 54% upside to a price target of $14, despite the stock being down 22% this year. The Clayton, Missouri-based firm went public in November 2021 following a SPAC merger.
Shares of Perimeter Solutions (PPRM) surged 10% to $10.02 after UBS upgraded the stock to "buy," citing potential growth from increased wildfire demand. The firm, a leading producer of fire retardants, is expected to benefit as wildfires impact more populated areas, reinforcing the need for enhanced firefighting capabilities. Despite the recent rise, the stock remains down 22% for the year, with analysts maintaining a $14 price target, indicating a 54% upside.
Shares of Perimeter Solutions (PPRM) surged 10% to $10.02 after UBS upgraded the stock to 'buy' from 'neutral', citing increased demand for fire retardants due to rising wildfires in populated areas. The firm, which went public in November 2021, is expected to see growth in volumes and earnings, with UBS maintaining a price target of $14, suggesting a potential 54% upside. Despite the recent gains, the stock remains down 22% year-to-date.
UBS has upgraded Perimeter Solutions to a Buy rating, citing an attractive entry point as the stock surged over 12% in premarket trading. Analysts noted a significant increase in recurring EBITDA and anticipate continued demand for fire retardants, projecting a 7-8% CAGR in Fire Safety EBITDA. The firm raised its normal EBITDA expectation to approximately $220 million, indicating potential for increased free cash flow and reduced leverage.
UBS has upgraded Perimeter Solutions SA to a Buy rating, citing an "attractive entry point" as the stock surged over 12% in premarket trading. Analysts noted a significant increase in recurring EBITDA and anticipate continued demand for fire retardants, projecting a strong growth trajectory despite a potential reset in 2025. The firm raised its EBITDA expectations to approximately $220 million, indicating a positive outlook for the company's financial performance and cash flow.
UBS has upgraded Perimeter Solutions (NYSE: PRM) from Neutral to Buy, setting a price target of $14, reflecting a potential 50% upside from its current price of $9.11. The company reported a 45% increase in Q4 sales to $86.2 million and a 190% surge in adjusted EBITDA to $280.3 million, driven by effective cost management and strategic growth initiatives. Despite recent stock volatility, analysts see strong growth potential, particularly in fire safety and the printed circuit board market following the acquisition of Intelligent Manufacturing Solutions.
Perimeter Solutions, Inc.
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perimeter solutions stock rises after bullish upgrade from ubs
18:33 26.03.2025
Perimeter Solutions shares rise after UBS upgrade on wildfire demand
18:33 26.03.2025
perimeter solutions shares surge after bullish wildfire demand outlook from UBS
18:33 26.03.2025
ubs upgrades perimeter solutions to buy as stock surges 12 percent
10:28 26.03.2025
ubs upgrades perimeter solutions to buy as stock surges 12 percent
09:59 26.03.2025
ubs upgrades perimeter solutions to buy with price target of fourteen dollars
07:30 26.03.2025
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