Leslie's stock price target has come under renewed scrutiny following recent analyst updates, reflecting shifts in both optimism and caution. The unchanged fair value target, held steady at $11.57, comes amid a blend of concerns over revenue slowdown and hopeful signs from ongoing strategic efforts. Read on to see how you can stay informed about key developments as the outlook for Leslie's continues to evolve.

Recent analyst commentary reflects a mixed but generally cautious sentiment surrounding Leslie's stock. Price target revisions and updates in analyst perspectives point to both confidence in certain aspects of company leadership as well as growing concerns regarding near-term performance and valuation.

???? Bullish Takeaways

Telsey Advisory, while lowering its price target, has acknowledged positive efforts by Leslie's leadership, specifically highlighting the company’s strategic initiatives and execution. The firm maintains a Market Perform rating, suggesting some confidence in management's ability to steer through current headwinds.

Morgan Stanley, in its latest update, chose to leave comp and EBITDA margin estimates unchanged following the recent reverse stock split. This decision signals a measure of trust in Leslie’s cost control and operational stability, even as broader market factors remain challenging.

???? Bearish Takeaways

Mizuho’s analyst David Bellinger notably slashed the firm’s price target from $20 to $5, moving Leslie's further into a zone of caution and retaining a Neutral rating. Key reasons include adjusted earnings models and updated company guidance that reflect the ongoing revenue slowdown.

Morgan Stanley’s updated price target of $7, adjusted from 60 cents after the reverse split, indicates reservations about the company’s market share losses, intensified competitive dynamics, and a weaker macroeconomic backdrop.

Telsey Advisory made two separate price target reductions: first to 75 cents from $1.25, and then down to 35 cents from 75 cents. These changes underscore persistent doubt about the company’s near-term sales visibility. The firm cites Leslie's preannouncement of lower sales for Q3, the withdrawal of FY25 guidance, and a lack of clear signs for a return to positive growth.

Analyst feedback continues to emphasize cautious optimism about Leslie's execution, but lower price targets and persistent headwinds point to subdued expectations for the company’s short-term valuation and growth trajectory.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

Leslie's has engaged Centerview Partners and Kirkland & Ellis to advise on potential strategies for strengthening its balance sheet, as the company faces declining sales.

The company's board has appointed Jeff White as chief financial officer, effective October 5, 2025. Mr. White is expected to bring strong expertise in finance and operational leadership to Leslie's executive team.

A 1-for-20 reverse stock split took effect on September 26, 2025. Leslie's stock will begin trading on a split-adjusted basis starting September 29, 2025.

Leslie's was recently removed from the S&P Global BMI Index, reflecting ongoing performance challenges and recent changes in the company's market position.

Revenue Growth has fallen significantly, dropping from 1.01% to 0.76%.

Net Profit Margin has risen slightly, increasing from 4.62% to 4.69%.

Future P/E has edged down, moving from 2.48x to 2.46x.

The Discount Rate remains unchanged at 12.32%.

Fair Value remains steady at $11.57.

Narratives are a smarter, more dynamic way to invest. At their core, a Narrative is a story behind a company’s numbers. Users connect their outlook and assumptions on fair value, future earnings, and revenue to a real forecast. Narratives on Simply Wall St's Community page make it easy for millions of investors to tie a company’s journey to its financial future, decide when to buy or sell by comparing fair value to price, and stay in sync as Narratives automatically update with the latest news or results.

Want to see the full story unfolding for Leslie's? Read the original narrative on Leslie's here and stay ahead on:

How migration to warmer Sunbelt states and new outdoor living trends set the stage for long-term growth at Leslie's.

The impact of omnichannel strategies, cost-cutting, and loyalty programs on profitability and customer retention.

What risks such as competition, high debt, and climate changes could threaten Leslie's ability to regain sustainable growth.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include LESL.

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