Jefferies Hikes Loar Holdings Target to $88 Following Record Q2 Earnings

Key Facts

1Jefferies raised its price target for Loar Holdings to $88 from $75 while maintaining a Buy rating.

2The company reported Q2 earnings of $0.38 per share, beating analyst estimates of $0.31 per share.

3Net sales grew 39.4% to $171.60 million, driven by strong demand in the commercial aerospace sector.

In a move reflecting the robust performance of the aerospace and defense sector, Jefferies has raised its price target for Loar Holdings from $75 to $88 while maintaining a Buy rating. This update follows the company's record-breaking second-quarter results, where it reported earnings of $0.38 per share, significantly beating analyst estimates of $0.31. These results underscore the company's ability to capitalize on current market momentum and deliver sustained growth in operational profitability.

According to analyst data, net sales surged by 39.4% to $171.60 million, primarily driven by a 28% increase in commercial original equipment manufacturer (OEM) sales. The company also reported a 47.4% rise in adjusted EBITDA to $69.40 million, marking its sixteenth consecutive quarter of sequential growth. This performance, which included 12% organic sales growth, indicates high operational efficiency within the manufacturing landscape.

Looking ahead, the company has raised its full-year 2026 guidance based on continued strong demand. While real-time pricing for the instrument is currently unavailable, investors are monitoring the company's ability to maintain momentum alongside broader macroeconomic data, such as the Manufacturing PMI which reached 53.5 in Canada and U.S. Factory Orders which saw a slight 0.3% decline as of August 2026.

Sources:

Financial Modeling Prep