Tigress Financial Adjusts Price Target on Legence to $130 From $125, Keeps Buy Rating

Tigress Financial raised its price target for Legence Corp (NASDAQ:LGN) to $130, citing AI growth, record backlog, and earnings acceleration. The stock trades at $64.91, below its fair value of $67.14. Legence reported 69% revenue growth over the past year and a 111% increase in Q2 2026, but missed earnings expectations with a loss of $0.37 per share. BTIG lowered its target to $100 due to margin concerns.

Legence (LGN) shares rose about 5% after its Q2 report showed revenue of US$1.26b and a record US$5.7b backlog, alongside a raised full-year outlook. The company reported a Q2 net loss of US$27.8m versus a profit a year earlier and adjusted guidance for 2026. Investors are weighing backlog strength against ongoing losses and higher capex.

Legence (LGN) reported Q2 2026 revenue of $1.3B, up 110.7% year over year, driven by the Bowers Group acquisition and data center demand. Adjusted EBITDA rose to $154.6M, margin 12.2%. Backlog and awards were $5.7B. The company raised Q3 and full-year 2026 guidance, including FY revenue $4.7B-$4.8B and adjusted EBITDA $565M-$585M.

Legence Corp. reported Q2 2026 results on Aug. 13, citing record revenue and backlog growth tied to data center and mission-critical building systems demand. Revenue rose to $1.262B (+111% YoY) and backlog to $5.67B (+105%). Adjusted EPS was -$0.37 vs +$0.21 expected. Shares fell over 7% to $63.68; full-year guidance was raised to $4.7B-$4.8B revenue.

Legence (building-systems contractor) reported Q2 2026 revenue of $1.262B, up 111% Y/Y, helped by the Bowers Group acquisition. Adjusted EPS was -$0.37 versus a +$0.21 consensus. Shares fell 7.29% to $63.68. The company raised FY2026 guidance to $4.7B-$4.8B revenue and $565M-$585M adjusted EBITDA.

Legence (LGN) reported Q2 2026 revenue of $1.262B, up from $599M a year earlier, and adjusted EBITDA of $155M. Adjusted EPS was -$0.37 versus a $0.21 consensus estimate. The stock fell 6.3% premarket to $64.35. Legence raised full-year 2026 revenue guidance to $4.7B-$4.8B and EBITDA to $565M-$585M.