Analyst George Gianarikas upgraded the stock to buy from hold and raised his price target by $71 to $175.
His new price target implies an upside of 29.4% from Wednesday's close. On Wednesday, Generac reported a beat for quarterly per-share earnings and issued better-than-expected revenue guidance for the year. Shares rose more than 8% on those results and forecast.
mountain GNRC jumped after earnings Gianarikas said that marked the end to a difficult year punctuated by a negative earnings preannouncement in October. The business struggled coming off a post-Covid boom and got hampered by extended lead times and an inventory glut, he said.
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