UBS analyst Joshua Chan maintains $UL Solutions (ULS.US)$ with a hold rating, and adjusts the target price from $40 to $54.
According to TipRanks data, the analyst has a success rate of 76.7% and a total average return of 13.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $UL Solutions (ULS.US)$'s main analysts recently are as follows:
UL Solutions' performance exceeded projections, bolstered by stronger-than-anticipated organic growth and noteworthy margins, particularly within the consumer segment.
Surprise was expressed at the decline in UL Solutions' share price despite a very strong Q3 and an upward revision in guidance. The company's strategic choice to boost investments appears to be yielding positive results, and there is anticipation of sustained benefits for UL Solutions from major trends such as IoT and the energy transition.
UL Solutions experienced 'very strong' Q3 earnings, which were attributed to favorable broader industry trends and the company's strategic positioning to leverage these trends. The analyst suggested that the second half guidance appears 'conservative' and highlighted an increase in the FY25 EBITDAR estimate as a contributing factor to the optimistic outlook.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
