Stifel Boosts Generac Price Target to $290 Amid Strong Commercial Growth
Generac Holdings' stock price has been boosted by Stifel's revised forecast and increased price target. The financial firm raised its price target to $290 from $285, while maintaining a Buy rating on the stock.
The company currently trades at $212.22, up 55.6% year-to-date. However, InvestingPro analysis suggests that the stock remains undervalued relative to its Fair Value estimate.
Stifel's revised forecast for Generac's 2027 adjusted EBITDA has increased to $1,174 million from $1,150 million, reflecting higher commercial and industrial revenue forecasts.
The increase is due in part to the company's recent Amazon award and data center growth plans. Generac received $2.4 billion in initial Amazon orders on top of a $1.6 billion data center backlog exiting the second quarter of 2026.