Casella Waste: Strong Growth Potential and Profitability with Strategic Initiatives

Tip Ranks

2025.12.04 13:35

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Goldman Sachs analyst Adam Bubes maintains a Buy rating on Casella Waste with a $111 price target, citing strong growth potential and profitability. Casella Waste focuses on core operations, improving margins through strategic initiatives like fleet automation and recycling retrofits. Bubes, a 4-star analyst, highlights the company's efficient business model and flexible pricing structure, suggesting a positive financial outlook. Bubes has a 21.2% average return and a 75% success rate, covering the Industrials sector.

Goldman Sachs analyst Adam Bubes maintained a Buy rating on Casella Waste yesterday and set a price target of $111.00.

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Adam Bubes has given his Buy rating due to a combination of factors that highlight Casella Waste’s strong potential for growth and profitability. The company is positioned well in the solid waste sector, focusing on core operations without diversifying into unrelated areas, which allows for a more streamlined and efficient business model.
Furthermore, Casella Waste is making significant strides in improving its margins through strategic initiatives such as converting its fleet to automated side loaders and pursuing recycling retrofits. The company also demonstrates a solid track record of enhancing margins of acquired assets through operational improvements, despite initial lower margins from acquisitions. These factors, coupled with a flexible pricing structure, suggest a positive outlook for the company’s financial performance.

According to TipRanks, Bubes is a 4-star analyst with an average return of 21.2% and a 75.00% success rate. Bubes covers the Industrials sector, focusing on stocks such as Casella Waste, Legence Corp. Class A, and Waste Connections.