Canaccord Genuity Reiterates Buy Rating on Holley Inc.
Analyst Brian McNamara maintains a buy rating on Holley Inc. with a $7 price target, a 174.51% upside from the current price.
Key Points
- On June 29, 2026, Canaccord Genuity's Brian McNamara reiterated a buy rating on Holley Inc. with a $7 price target.
- Canaccord Genuity's $7 price target implies 174.51% upside from Holley Inc.'s ($HLLY) current $2.55 share price.
- Shares of NYSE:HLLY traded near $2.55 on Wednesday, with a market cap of $306.9 million and a P/E ratio of 12.75.
- Institutional investors like Allspring Global and Boston Partners adjusted their positions in Holley, impacting share counts and values.
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On June 29, 2026, Canaccord Genuity reiterated its buy rating on Holley Inc. (NYSE:HLLY), setting a price target of $7. Analyst Brian McNamara maintained this optimistic outlook as part of the firm's ongoing coverage of the automotive parts maker.
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Other Institutional Activity in Holley Inc.
Institutional investors showed varied activity in Holley Inc. Allspring Global Investments Holdings, LLC grew its holdings by 122,331 shares, ending with 9,823,903 shares worth about $30.75 million. Boston Partners increased its position by 285,816 shares, reaching a total of 6,614,540 shares valued at approximately $20.31 million. BlackRock, Inc. slightly reduced its stake by 8,827 shares, resulting in 4,873,069 shares valued at $14.96 million. Meanwhile, Blue Owl Capital Holdings LP added 90,252 shares, bringing its total to 4,236,888 shares worth $13.01 million. Wasatch Advisors LP trimmed its position by 61,730 shares, leaving it with 3,617,782 shares valued at $11.11 million.
Holley Inc. Stock Down 12.7%
Shares of Holley Inc. (NYSE:HLLY) traded near $2.55 on Wednesday. The company has a market cap of $306.9 million and a price-to-earnings (P/E) ratio of 12.75, with a forward P/E of 6.54. Holley’s stock has seen a 52-week low of $1.98 and a high of $4.48. Its 50-day moving average stands at $2.79, while the 200-day moving average is $3.40. Holley maintains a current ratio of 3.17 and a quick ratio of 0.92, with a debt-to-equity ratio of 128.07.
$HLLY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Holley Inc. reported revenue of $607.8 million, showing a slight decline with a revenue growth rate of -3.7%. The company achieved an earnings per share (EPS) of $0.20, a net margin of 3.89%, and a return on equity (ROE) of 5.36%. Investors will be watching closely for the next earnings report, scheduled for August 5, 2026.
Insider Buying and Selling at Holley Inc.
Recent insider transactions at Holley Inc. included President and CEO Matthew Stevenson selling 97,675 shares on June 6, 2026, at an average price of $2.57. Additionally, insiders James Coady, Matthew Rubel, Anita Sehgal, Graham Clempson, and Ginger Jones each bought 32,710 shares on May 8, 2026.
Analysts Set New Price Targets
On June 29, 2026, Canaccord Genuity maintained its buy rating on Holley Inc. with a $7 price target. Previously, on May 8, 2026, Benchmark also maintained a buy rating with a $4 target. The consensus among analysts suggests a mean target price of $4.67, based on six analyst opinions.
About Holley Inc.
Holley Inc., headquartered in Nashville, Tennessee, designs and distributes automotive aftermarket products. Serving car and truck enthusiasts in the U.S., Canada, and Europe, Holley offers a range of performance automotive products, including carburetors, fuel pumps, and ignition components. The company operates under several brands and sells through various channels, including direct-to-consumer and traditional retailers. Led by CEO Matthew J. Stevenson, Holley employs around 1,407 people.
Bottom Line
Holley Inc. remains a company to watch with its focus on the automotive aftermarket industry. Canaccord Genuity's reiterated buy rating and $7 price target underscore positive sentiment among analysts. Investors should note that 13F filings and analyst ratings provide insights but reflect past events and are not predictions of future performance.
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