Limbach Holdings

LMB · NASDAQ

$47.54−$1.01 (−2.08%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $48.55

LMB analyst rating

HoldConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform1
Sell0

12-month price target · 6 analysts

Average $85.68 (+80.2% upside)

Low: $70.70
Now: $47.54
High: $99.75

Upgrades and downgrades

The latest rating actions, newest first

LMB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Stifel	Oct 8, 2026	Maintains	Buy	$86.00 → $75.00	67%
Lake Street	Sep 2, 2026	Maintains	Buy	$90.00 → $95.00	50%
JP Morgan	Aug 21, 2026	Downgrade	Neutral → Underweight	$60.00 → $50.00	27%
Stifel	Aug 10, 2026	Maintains	Buy	$107.00 → $86.00	67%
JP Morgan	Mar 26, 2026	Maintains	Neutral	$100.00 → $90.00	27%
Stifel	Jan 26, 2026	Maintains	Buy	$111.00 → $104.00	67%
Stifel	Dec 16, 2025	Maintains	Buy	$119.00 → $111.00	67%

The case for and against

Updated Dec 22, 2025

Bull case

Limbach Holdings Inc. is positioned for growth, with significant financial capacity to pursue mergers and acquisitions that can enhance its service offerings and geographic reach. The company's strategic focus on expanding its presence in designated markets, particularly in the East and Midwest, is viewed favorably, indicating a robust growth trajectory. Additionally, there is potential for improved adjusted EBITDA margins and free cash flow generation as the company continues its transition and develops its operational efficiencies.

Bear case

Limbach Holdings Inc faces multiple challenges that contribute to a negative outlook, including significant risks associated with its ongoing transformation and the introduction of new service offerings. Additionally, fluctuations in the non-residential construction market and heightened competition within the bidding environment further complicate its operational landscape. Concerns regarding the execution of mergers and acquisitions also add to the overall uncertainty surrounding the company’s financial trajectory.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.