DXP Enterprises (DXPE) PT Raised to $95 at Stephens

Stephens analyst Tommy Moll raised the price target on DXP Enterprises (NASDAQ: DXPE) to $95.00 (from $75.00) while maintaining a Overweight rating.

The analyst commented: "Previously, we shared initial thoughts on DXPE's 4Q24 results, which exceeded our estimates on the top and bottom lines. We now update our model, per below. Additionally, we reiterate our OW rating while raising our price target from $75 to $95, primarily on a substantially-higher adj. EBITDA estimate for 2025. Forward momentum is noteworthy on both adj. EBITDA margins, which notched above 10% for the second-consecutive year in 2024, with DXPE now setting a goal of 11%. Additionally, DXPE's acquisition strategy continues fueling growth, with seven acquisitions closed in 2024, another in February, and 1-3 more planned by mid-2025."

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