LGN (NASDAQ:LGN) Price Target Raised to $105.00

Key Points

• BMO Capital Markets raised LGN’s price target to $105 from $100 and maintained an “outperform” rating, implying roughly 66% upside from the $63.24 opening price. Analysts’ consensus rating is “Moderate Buy,” with an average target of $97.55.
• LGN reported record quarterly revenue of $1.26 billion, up 111% year over year, and management raised full-year 2026 revenue and adjusted EBITDA guidance. Backlog and awarded contracts more than doubled to $5.67 billion, improving forward revenue visibility.
• Despite strong growth, the company posted a $27.8 million net loss, or $(0.37) per share, versus expected earnings of $0.26, while gross margin declined and debt reached approximately $1.03 billion. The stock’s elevated price-to-earnings ratio near 275 increases execution risk.

LGN (NASDAQ:LGN - Get Free Report) had its target price upped by equities researchers at BMO Capital Markets from $100.00 to $105.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price target suggests a potential upside of 66.03% from the stock's current price.

Several other equities research analysts also recently issued reports on the company. Guggenheim boosted their price objective on LGN from $106.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 10th. Weiss Ratings restated a "sell (d-)" rating on shares of LGN in a report on Friday, June 26th. Roth Capital reaffirmed a "buy" rating and issued a $120.00 target price on shares of LGN in a research report on Wednesday. Barclays boosted their price target on shares of LGN from $60.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Monday, June 22nd. Finally, BTIG Research reissued a "buy" rating and set a $100.00 price target (down from $120.00) on shares of LGN in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $97.55.

LGN Stock Down 7.9%

Shares of NASDAQ LGN opened at $63.24 on Friday. The firm has a market cap of $6.83 billion and a price-to-earnings ratio of 274.96. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.06. LGN has a 52-week low of $26.96 and a 52-week high of $107.24. The business's 50 day moving average is $74.12 and its two-hundred day moving average is $68.42.

LGN (NASDAQ:LGN - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.37) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.63). The business had revenue of $1.26 billion during the quarter. Research analysts predict that LGN will post 1.24 EPS for the current year.

Institutional Trading of LGN

Several hedge funds have recently modified their holdings of LGN. Assetmark Inc. acquired a new position in LGN during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new stake in LGN during the 4th quarter worth about $64,000. KBC Group NV acquired a new stake in LGN in the 1st quarter valued at about $66,000. Kestra Advisory Services LLC acquired a new stake in LGN in the 4th quarter valued at about $91,000. Finally, Clearstead Advisors LLC purchased a new position in shares of LGN in the 4th quarter valued at about $140,000.

LGN News Roundup

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Legence reported record second-quarter revenue of $1.26 billion, up 111% year over year. Excluding the Bowers acquisition, organic revenue growth was approximately 60%, indicating strong underlying demand, particularly from data centers and technology customers. Legence Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Non-GAAP adjusted EBITDA increased 114% to $154.6 million, while backlog and awarded contracts more than doubled to $5.67 billion. The sizable backlog improves forward revenue visibility and reflects continued demand across data centers, education, government and life sciences. Legence Reports Record Second-Quarter 2026 Revenue, Adjusted EBITDA and Backlog; Raises Full-Year Guidance
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $4.7-$4.8 billion from $4.1-$4.3 billion and adjusted EBITDA guidance to $565-$585 million from $470-$490 million. Third-quarter revenue guidance of $1.225-$1.275 billion also exceeds the cited consensus estimate. Legence Corp. 2026 Q2 Results Presentation
• Positive Sentiment: Roth Capital reiterated its “Buy” rating and maintained a $120 price target, signaling substantial expected upside from recent trading levels. Roth Capital Reiterates Buy Rating for LGN
• Neutral Sentiment: The earnings call emphasized sequential adjusted EBITDA margin expansion and continued strength in mission-critical construction markets, though investors will likely monitor whether the growth can be sustained as acquisition benefits moderate. Legence Q2 2026 Earnings Call Transcript
• Negative Sentiment: GAAP results were weak: Legence posted a net loss attributable to the company of $27.8 million, or $(0.37) per share, versus a consensus expectation of $0.26 per share. The company also recorded goodwill and long-lived asset impairments.
• Negative Sentiment: Gross margin fell to 17.4% from 21.5% a year earlier, reflecting an unfavorable mix shift and higher service-delivery costs. Total debt was approximately $1.03 billion, adding balance-sheet risk, while the stock’s reported P/E near 275 leaves limited room for execution disappointments.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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