Guggenheim Boosts LGN (NASDAQ:LGN) Price Target to $68.00

LGN (NASDAQ:LGN) had its price objective increased by equities research analysts at Guggenheim from $53.00 to $68.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price target would suggest a potential upside of 24.20% from the company’s current price.

LGN has been the topic of several other research reports. Tigress Financial upped their price objective on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings assumed coverage on LGN in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating for the company. The Goldman Sachs Group boosted their target price on LGN from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Zacks Research raised LGN from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Barclays increased their price target on LGN from $37.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.67.

LGN Trading Up 3.3%

NASDAQ:LGN opened at $54.75 on Thursday. The company has a fifty day moving average of $51.16. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.57 and a quick ratio of 1.57. LGN has a twelve month low of $26.96 and a twelve month high of $60.50.

LGN (NASDAQ:LGN) last issued its earnings results on Friday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.60). LGN’s quarterly revenue was up 34.5% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. bought a new stake in shares of LGN during the fourth quarter worth about $31,000. Aster Capital Management DIFC Ltd bought a new position in LGN in the 4th quarter valued at about $64,000. Kestra Advisory Services LLC bought a new position in LGN in the 4th quarter valued at about $91,000. Clearstead Advisors LLC acquired a new position in LGN during the 4th quarter valued at about $140,000. Finally, Comerica Bank acquired a new position in LGN during the 4th quarter valued at about $192,000.

LGN News Roundup

Here are the key news stories impacting LGN this week:

• Positive Sentiment: Record backlog, revenue and upgraded guidance: Legence reported record Q4 revenue of $737.6M (≈+34.5% YoY), record backlog and awards of $3.7B, and raised full‑year 2026 guidance to $3.7B–$3.9B in revenue with higher adjusted EBITDA targets — a clear growth and backlog beat that supports higher forward visibility. GlobeNewswire: Legence Reports Fourth Quarter and Year End 2025 Financial Results
• Positive Sentiment: Strong profitability metrics and near-term guidance: Management cited a ~53% increase in quarterly adjusted EBITDA (non‑GAAP) and provided Q1 2026 guidance (revenue $925M–$950M; adj. EBITDA $90M–$100M), which underpins the bullish outlook from investors. GlobeNewswire: Guidance and EBITDA
• Positive Sentiment: Analyst upgrades and higher price targets: BTIG raised its target to $75 (buy) and Guggenheim to $68 (buy), reinforcing analyst optimism and likely adding buying momentum. Benzinga: Analyst Price Target Notes
• Neutral Sentiment: Market reaction / news coverage: Multiple outlets highlighted the backlog, revenue surge and guidance lift, which contributed to intraday buying interest. Blockonomi: Coverage of Post‑Earnings Move
• Negative Sentiment: Big EPS miss: Legence reported EPS of ($0.55) vs. consensus ~$0.05 — a significant shortfall that raises questions on near‑term margins, non‑cash items or one‑time charges despite strong revenue growth. MarketBeat: Earnings Details & Call
• Negative Sentiment: Large insider/institutional selling: Recent filings and coverage note substantial share sales by major holders (EMA III / Blackstone / Parent ML), which can add supply pressure and weigh on sentiment even after strong operational results. QuiverQuant: Insider & Institutional Activity

About LGN

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.