- Gauzy (NASDAQ:GAUZ) shares rose 9% in premarket trade after Stifel initiated coverage on the company with a Buy rating and a target price of $18.
- Stifel expects sales growth of 42% in FY24 and FY25, driven by new program wins across all key segments.
- “We expect new program ramps across automotive, architecture, aeronautics and safety to drive future sales growth and leverage in the model, ultimately bringing Gauzy to operating line profitability exiting FY24,” the note stated.
- Below the top line, the analysts said they are modeling Gauzy to have positive adjusted core profit exiting FY24, and expect continued positive operating leverage into FY25 on higher volumes and improving input costs.
- SA analysts rate the company at Hold.
2024-07-01