Generac Holdings Inc. (NYSE:GNRC) Sees Price Target Increase by Citigroup

• Citigroup analyst Vikram Bagri raises the price target for Generac Holdings Inc. (NYSE:GNRC) to $172 from $128.
• GNRC's stock price indicates a potential upside of approximately 3.21% to the new target.
• Zacks Investment Research labels GNRC as a strong momentum stock, hinting at its capability to outperform the market.

Generac Holdings Inc. (NYSE:GNRC) is a leading manufacturer of backup power generation products. The company is known for its residential, commercial, and industrial power solutions. Generac competes with companies like Cummins and Kohler in the power generation industry. Recently, Citigroup analyst Vikram Bagri set a price target of $172 for GNRC, up from a previous target of $128, as highlighted by TheFly.

At the time of Citigroup's announcement, GNRC's stock price was $166.65, indicating a potential upside of approximately 3.21% to the new target. This adjustment suggests confidence in Generac's market performance. Zacks Investment Research also recognizes GNRC as a strong momentum stock, suggesting it has the potential to outperform the market.

Generac's current stock price of $166.65 on the NYSE reflects a slight decrease of 0.38% or $0.63. The stock has traded between $164.63 and $168.57 today. Over the past year, GNRC has seen a high of $176.14 and a low of $79.86, indicating significant volatility. Despite this, the company's market capitalization remains robust at approximately $10.02 billion.

The trading volume for GNRC is 536,464 shares, which shows active investor interest. The Zacks Style Scores, which evaluate stocks based on value, growth, and momentum, give GNRC a favorable momentum rating. This suggests that investors looking to enhance their portfolios might consider GNRC due to its potential for market outperformance.