OneWater Marine Inc.bri (ONEW) PT Lowered to $19 at DA Davidson

DA Davidson analyst Brandon Rolle lowered the price target on OneWater Marine Inc.bri (NASDAQ: ONEW) to $19.00 (from $23.00) while maintaining a Neutral rating.

He said, "ONEW shares traded higher after the company beat 1Q25 earnings expectations and reiterated their initial FY25 guidance. Despite facing headwinds in FL from Fall hurricanes, ONEW thought overall industry inventory was getting healthier, but still remains above optimal level given current retail demand. Given the uncertain retail environment, we are maintaining our NEUTRAL rating and lowering our PT to $19 (vs. prev. $23 PT) for ONEW, which is based on an EV/EBITDA multiple of 6.0x our FY26E EBITDA estimate of $114.7M (vs. $118.1M Consensus)."

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