Bank of America Securities Sticks to Their Hold Rating for Fox Factory Holding (FOXF)
In a report released on November 7, Alexander Perry from Bank of America Securities reiterated a Hold rating on Fox Factory Holding, with a price target of $26.00. The company’s shares closed last Friday at $16.37.
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According to TipRanks, Perry is an analyst with an average return of -3.3% and a 34.27% success rate. Perry covers the Consumer Cyclical sector, focusing on stocks such as SharkNinja, Inc., Thor Industries, and Polaris.
In addition to Bank of America Securities, Fox Factory Holding also received a Hold from TR | OpenAI – 4o’s Juno Sparetta in a report issued on November 8. However, on November 7, Stifel Nicolaus maintained a Buy rating on Fox Factory Holding (NASDAQ: FOXF).
Based on Fox Factory Holding’s latest earnings release for the quarter ending October 3, the company reported a quarterly revenue of $376.36 million and a GAAP net loss of $634 thousand. In comparison, last year the company earned a revenue of $359.12 million and had a net profit of $4.78 million
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