Royal Bank Boosts Target Price for Polaris Inc. to $75.00

Royal Bank of Canada has increased its target price for Polaris Inc. (NYSE:PII) from $65.00 to $75.00, indicating a potential upside of 6.66% from the stock's previous close.

The bank maintained its 'sector perform' rating on the company, which means analysts are neither bullish nor bearish on the stock's prospects.

This increase is based on Polaris's strong second-quarter earnings and revenue performance, which exceeded expectations. The company reported $1.97 in EPS, beating estimates of $0.76, while revenue reached $2.02 billion versus forecasts of $1.95 billion.

Additionally, Polaris raised its fiscal 2026 outlook to $3.00, $3.10 in EPS and $7.3 billion, $7.5 billion in revenue, which is above the analyst consensus estimate of approximately $1.81 per share.