7/102 sources · 2 publishersUpdated Oct 23, 17:37 UTC
Baird lifts Knowles price target to $50 citing strong device order growth
Baird analyst Tristan Gerra raised the price target for Knowles Corp (KN) to $50 from $44 while keeping an Outperform rating. The upgrade follows Knowles' third‑quarter 2026 results that showed adjusted earnings of $0.38 per share and revenue of $184 million, both above expectations. Baird highlighted a rising book‑to‑bill ratio of 1.5 in the Precision Devices segment and expects gross‑margin expansion into 2027.
Why it matters
The higher target signals Baird’s confidence in continued earnings growth, which may lift investor sentiment toward KN. The firm also expects margin improvement, potentially enhancing future profitability.
Key facts
- 1Baird raised the price target for Knowles to $50 from $44. investing.com
- 2Adjusted earnings for Q3 2026 were $0.38 per share. investing.com
- 3Revenue for Q3 2026 was $184 million. investing.com
- 4Precision Devices book‑to‑bill ratio reached 1.5, up from 1.4 the prior quarter. investing.com
- 5The stock has gained 55.8% year‑to‑date. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.