Onterris

ONT · NYSE

$14.03+$0.21 (+1.52%)TodayMarket closed · Oct 20, 7:00 PM ET

Prev close $13.82

ONT analyst rating

HoldConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy1
Hold2
Underperform0
Sell0

12-month price target · 7 analysts

Average $21.62 (+54.1% upside)

Low: $15.15
Now: $14.03
High: $30.45

Upgrades and downgrades

The latest rating actions, newest first

ONT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 8, 2026	Maintains	Neutral	$16.00 → $14.00	53%
Needham	Aug 7, 2026	Maintains	Buy	$28.00 → $23.00	59%
Barclays	Aug 7, 2026	Downgrade	Overweight → Equal-Weight	$19.00 → $15.00	29%
JP Morgan	Jul 13, 2026	Maintains	Neutral	$24.00 → $22.00	53%
Barclays	May 18, 2026	Maintains	Overweight	$40.00 → $19.00	29%
Needham	May 8, 2026	Maintains	Buy	$35.00 → $28.00	59%

The case for and against

Updated Oct 18, 2026

Bull case

Onterris is supported by a large, fragmented environmental services market and a differentiated, integrated platform spanning air, water, and soil solutions, which should help sustain share gains as regulatory and compliance needs rise. Its Q1 results showed resilient fundamentals despite weather-related disruption, with adj. EBITDA margins of 10.6% and C&T margins expanding to 17.6%, while management reiterated 2026 revenue and adj. EBITDA guidance and a 7%-9% long-term organic growth framework. The investment case is further strengthened by recurring demand tied to water infrastructure, PFAS, and environmental compliance, plus evidence of operating leverage from margin expansion and a leverage ratio below 3.0x.

Bear case

Onterris is facing a softer near-term demand profile, as Q1 revenues fell 5% year over year to $168.5MM, below consensus and estimates, while adjusted EBITDA slipped 6% to $17.8MM and operating cash flow was negative $11.6MM. Weather-driven field disruption and lower emergency response revenue exposed the business’s sensitivity to execution timing, with Measurement & Analysis revenue down 9% and margins compressing to 18.4%, even as management maintained full-year guidance. The negative outlook also reflects limited quarter-to-quarter visibility, acquisition integration risk, and exposure to regulatory changes, all of which could pressure estimates and weaken the company’s ability to sustain its stated growth and cash conversion targets.

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.