Pool Stocks Make A Splash: Two Ideas From Goldman Sachs Analyst
Several stocks in the swimming pool space have gone public over the past year, while veterans in the industry continue to expand. An analyst cited the opportunity in the sector with a growing total addressable market. The Pool Stock Analyst: Goldman Sachs analyst Susan Maklari initiated shares of Pool Corporation (NASDAQ: POOL ) with a Buy rating and price target of $535. Maklari initiated shares of Latham Group Inc (NASDAQ: SWIM ) with a Neutral rating and has a price target of $26. Growing Pool Industry: The total addressable retail market for the U.S. swimming pool industry grew to $20 billion in 2020. Trends including higher outdoor spending by consumers, home prices appreciation and people moving to warmer states are mentioned by the analyst. “Given these trends, along with favorable company-specific factors, we look for top and bottom-line growth ahead of our broader products coverage, driving our positive overall … Full story available on Benzinga.com
Pool Stocks Make A Splash: Two Ideas From Goldman Sachs Analyst
Several stocks in the swimming pool space have gone public over the past year, while veterans in the industry continue to expand. An analyst cited the opportunity in the sector with a growing total addressable market. The Pool Stock Analyst: Goldman Sachs analyst Susan Maklari initiated shares of Pool Corporation (NASDAQ: POOL ) with a Buy rating and price target of $535. Maklari initiated shares of Latham Group Inc (NASDAQ: SWIM ) with a Neutral rating and has a price target of $26. Growing Pool Industry: The total addressable retail market for the U.S. swimming pool industry grew to $20 billion in 2020. Trends including higher outdoor spending by consumers, home prices appreciation and people moving to warmer states are mentioned by the analyst. “Given these trends, along with favorable company-specific factors, we look for top and bottom-line growth ahead of our broader products coverage, driving our positive overall … Full story available on Benzinga.com