Leslie’s stock price target remains unchanged at $9.34 after a period of significant reductions by analysts. Despite ongoing market challenges and updated guidance, overall sentiment has settled into a neutral zone for now. Stay tuned to discover how you can stay informed on further shifts in Leslie’s stock narrative as conditions evolve.

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Analyst commentary around Leslie's has been marked by a series of sharply reduced price targets, a reflection of persistent headwinds facing the company. The following summarizes recent perspectives from major Wall Street firms.

???? Bullish Takeaways

Morgan Stanley, led by analyst Simeon Gutman, maintained an Equal Weight rating after Leslie's recent 1-for-20 reverse stock split. This signals a view that the stock’s current valuation is “fair” in light of uncertain market dynamics.

The firm left its comp and EBITDA margin estimates unchanged. This suggests some underlying confidence in Leslie's operational execution and ability to manage profitability during difficult conditions.

???? Bearish Takeaways

Mizuho, with analyst David Bellinger, delivered a sharp price target reduction to $5 from $20 and continued to rate the shares Neutral. This move is attributed to disappointing earnings results and lower guidance.

Morgan Stanley slightly lowered its target multiple and noted concerns over ongoing market share losses, heightened competition, and a challenging macro environment. All of these factors are weighing on growth expectations.

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Leslie's has engaged Centerview Partners and Kirkland & Ellis to explore strategies for strengthening its balance sheet as the company navigates weakened sales, according to reports from Bloomberg.

The company implemented a 1-for-20 reverse stock split on September 26, 2025. This action reduced the number of authorized common shares and will affect trading on the Nasdaq Capital Market beginning September 29, 2025.

Jeff White was appointed chief financial officer by Leslie's board, effective October 5, 2025. He previously served as CFO of Sportsman's Warehouse and brings significant operational and financial experience to the role.

Leslie's announced its removal from the S&P Global BMI Index, marking a notable change in its market status.

Fair Value Estimate remains unchanged at $9.34.

The discount rate has risen slightly, increasing from 12.32% to 12.5%.

The revenue growth projection is virtually flat, staying at 0.57%.

The net profit margin has declined modestly, moving from 4.80% to 4.74%.

The future P/E ratio has risen slightly, from 1.95x to 1.99x.

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Expert updates as market forces or company news shift Leslie's prospects and valuation.

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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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