LGN (NASDAQ:LGN) Price Target Raised to $100.00

LGN (NASDAQ:LGN) had its target price upped by stock analysts at BMO Capital Markets from $63.00 to $100.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 12.36% from the company’s current price.

A number of other brokerages have also commented on LGN. BTIG Research lifted their price target on shares of LGN from $75.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Loop Capital initiated coverage on shares of LGN in a research report on Wednesday, April 29th. They set a “buy” rating and a $96.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of LGN from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Royal Bank Of Canada lifted their target price on shares of LGN from $48.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, March 30th. Finally, The Goldman Sachs Group boosted their target price on shares of LGN from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.90.

LGN Price Performance

Shares of NASDAQ:LGN opened at $89.00 on Friday. The company has a market capitalization of $9.62 billion and a P/E ratio of -8,900.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.57 and a current ratio of 1.57. LGN has a 1 year low of $26.96 and a 1 year high of $107.24. The firm’s fifty day simple moving average is $67.37.

LGN (NASDAQ:LGN) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). The company had revenue of $1.04 billion during the quarter. LGN’s quarterly revenue was up 105.2% on a year-over-year basis. On average, sell-side analysts anticipate that LGN will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On LGN

Several institutional investors have recently made changes to their positions in the business. Assetmark Inc. purchased a new position in shares of LGN in the fourth quarter worth approximately $31,000. KBC Group NV bought a new position in LGN in the first quarter worth approximately $66,000. Aster Capital Management DIFC Ltd purchased a new position in shares of LGN during the 4th quarter worth $64,000. Clearbridge Investments LLC grew its position in shares of LGN by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 401,667 shares of the company’s stock valued at $17,288,000 after acquiring an additional 1,667 shares during the period. Finally, Symmetry Investments LP grew its position in shares of LGN by 21.9% during the 4th quarter. Symmetry Investments LP now owns 9,750 shares of the company’s stock valued at $420,000 after acquiring an additional 1,750 shares during the period.

Key LGN News

Here are the key news stories impacting LGN this week:

• Positive Sentiment: LGN reported record first-quarter revenue of $1.04 billion, up 105% year over year, and adjusted EBITDA rose 132%; the company also lifted full-year 2026 revenue guidance to $4.1 billion-$4.3 billion and EBITDA guidance to $470 million-$490 million. Article: Legence Reports First Quarter 2026 Financial Results
• Positive Sentiment: BTIG raised its price target on LGN to $120 from $75 and reiterated a Buy rating, signaling confidence in the company’s growth outlook. Article: LGN (NASDAQ:LGN) Price Target Raised to $120.00 at BTIG Research
• Neutral Sentiment: Analyst commentary after the earnings report remained constructive overall, highlighting record backlog and awards of $5.38 billion, which supports revenue visibility. Article: Legence Corp (LGN) Q1 2026 Earnings Call Highlights: Record Revenue Growth and Strategic Outlook
• Negative Sentiment: Despite the strong top-line growth, consolidated gross margin fell to 17.9% from 22.1% a year ago, and investors seem concerned that profitability is not improving as fast as revenue. Article: Legence Corp. Earnings Call Highlights Rapid Growth
• Negative Sentiment: LGN also posted earnings of $0.13 per share, below the $0.19 consensus, which may have contributed to a sell-the-news reaction after the stock’s strong run into the print. Article: Legence earnings report

LGN Company Profile

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.