Goldman Sachs Turns Bullish On Leslie's - Read Why - Leslies (NASDAQ:LESL)

Goldman Sachs analyst Kate McShane upgraded Leslie’s Inc LESL to Buy from Neutral with a price target of $27, up from $26, implying a 29.4% upside.
McShane predicts the sales growth to continue, given the maintenance of a larger pool base, management execution in Pro and acquisitions, and a lift from solid migration trends.
The analyst expects demand to pick up compared to pre-pandemic levels based on app downloads and Alphabet Inc GOOGL Google search interest.
McShane also forecasts the company to have a higher gross margin and continued double-digit EBITDA growth in 2022 and 2023.
The retailer raised its FY22 sales outlook to $1.495 billion - $1.52 billion from $1.475 billion - $1.50 billion versus the consensus of $1.50 billion.
Price Action: LESL shares are trading higher by 3.67% at $20.89 on the last check Monday.