
Wabash National (WNC) Stock Forecast & Price Target
Wabash National (WNC) Analyst Ratings
Bulls say
Wabash National Corp. benefits from a positive outlook due to increased demand in its key dry vans segment, with shipments rising 8% year-over-year in October. The total industry trailer shipments also reflect an upward trend, with a 6% year-over-year increase, culminating in 19,953 units for the month. Additionally, total industry trailer orders experienced a 3% year-over-year growth, indicating sustained interest in transportation solutions despite varying market conditions.
Bears say
Wabash National Corp is facing significant headwinds as evidenced by a 19% year-over-year decline in the backlog for dry vans and a concerning 36% decrease in reefer trailer backlog during the same period. Furthermore, the company is vulnerable to escalating component and labor costs, which could adversely impact production and overall financial performance, especially in light of potential disruptions from macroeconomic factors like COVID-19. Additionally, a general downturn in the trailer manufacturing industry is indicated by a 15% year-over-year drop in total industry trailer backlog, pointing to broader competitive challenges that may further affect Wabash National's stock outlook.
This aggregate rating is based on analysts' research of Wabash National and is not a guaranteed prediction by Public.com or investment advice.
Wabash National (WNC) Analyst Forecast & Price Prediction
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