LGN (NASDAQ:LGN) Price Target Raised to $68.00

LGN (NASDAQ:LGN) had its price target upped by Guggenheim from $53.00 to $68.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings began coverage on shares of LGN in a research note on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Zacks Research raised LGN from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Tigress Financial increased their price objective on LGN from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Barclays raised their price target on shares of LGN from $37.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Stifel Nicolaus upped their price objective on shares of LGN from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.67.

LGN Stock Up 3.3%

Shares of LGN opened at $54.75 on Thursday. LGN has a 12-month low of $26.96 and a 12-month high of $60.50. The stock has a 50 day simple moving average of $51.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 1.57.

Institutional Trading of LGN

A number of large investors have recently bought and sold shares of LGN. Hiddenite Capital Partners LP acquired a new position in LGN during the 4th quarter valued at about $6,569,000. Comerica Bank acquired a new stake in LGN during the 4th quarter worth approximately $192,000. Vanguard Group Inc. raised its holdings in shares of LGN by 78.1% during the fourth quarter. Vanguard Group Inc. now owns 3,227,670 shares of the company’s stock worth $138,919,000 after acquiring an additional 1,415,282 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of LGN in the fourth quarter valued at about $297,000. Finally, Pictet Asset Management Holding SA acquired a new position in LGN during the 4th quarter worth approximately $1,722,000.

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

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.