Oppenheimer reiterates Resideo stock rating citing ADI spinoff
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices remain near $100 as Iran supply fears overshadow Russia measures Iran latest: Trump tells G7 Iran set to surrender; U.S. plane crash kills 4 crew Oil prices float near $100 a barrel amid ongoing Iran war - what’s moving markets Hormuz oil flows down 97% from normal levels, Goldman Sachs says 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights Oppenheimer reiterates Resideo stock rating citing ADI spinoff By Analyst Ratings Published 03/13/2026, 07:23 AM Oppenheimer reiterates Resideo stock rating citing ADI spinoff 0 REZI -3.48% Investing.com - Oppenheimer reiterated an Outperform rating on Resideo Technologies (NYSE:REZI) stock with a $48.00 price target. The stock currently trades at $33.55, representing a 43% upside to the analyst’s target, though InvestingPro data suggests the shares are trading above their Fair Value. Despite recent volatility, the stock has delivered an impressive 98% return over the past year. The firm noted the company remains focused on the ADI spinoff planned for this fall. Following a difficult 2025 that included challenges from an ERP system rollout, ADI is expected to return to mid-single-digit percentage revenue growth in 2026. Growth is anticipated to come from the commercial channel, which represents approximately 65% of segment revenues, particularly in safety and security products, as well as e-commerce. The more residential-focused Snap One business is expected to be flat to down year-over-year. The P&S segment is projected to achieve low-single-digit percentage year-over-year revenue growth. Stronger growth is expected in the second half of 2026 as comparisons ease from air and HVAC headwinds and new products including thermostats and smoke and carbon monoxide alarms gain traction. Oppenheimer adjusted its revenue and earnings per share cadence but left its fiscal year 2026 estimates unchanged. In other recent news, Resideo Tec...
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