
Cadre Holding (CDRE) Stock Forecast & Price Target
Cadre Holding (CDRE) Analyst Ratings
Bulls say
Cadre Holdings Inc has demonstrated robust financial health, highlighted by a strong increase in gross margin, which rose by 70 basis points to 39.9%, despite a less favorable product mix. The demand for the company’s products is underscored by a significant backlog growth of $8.8 million since the beginning of 2023, reaching a total of $126.7 million, indicating sustained market interest. Furthermore, Cadre Holdings has successfully leveraged its competitive advantages in the public safety market, achieving substantial CFO and free cash flow increases of 59% and 54% respectively, which supports its strategic acquisitions and positions the company for ongoing growth in a stable industry spending environment.
Bears say
Cadre Holdings Inc. experienced a decline in AEBITDA of 7.6% despite a slight sales increase of 0.8%, contributing to a decrease in the AEBITDA margin from 18.1% to 16.6%. The shifting political landscape in the U.S. is anticipated to exert downward pressure on the defense budget, which could hinder future sales growth for the company. Additionally, challenges in retaining key personnel may affect Cadre's operational efficiency and its capability to execute its growth strategy effectively.
This aggregate rating is based on analysts' research of Cadre Holding and is not a guaranteed prediction by Public.com or investment advice.
Cadre Holding (CDRE) Analyst Forecast & Price Prediction
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