Resideo Technologies: Positioned For Growth From New Products And Acquisition Synergies

BI Insights
124 Followers
(12min)

Summary

  • I am upgrading Resideo Technologies to a buy, as the stock trades at a 25% discount to intrinsic value and has good growth prospects.
  • Revenue growth in FY2025 should be driven by price increases, new product launches, and the Snap One acquisition, despite macroeconomic uncertainty.
  • Margins are expected to come under pressure due to higher input costs.

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Investment Thesis

Resideo Technologies, Inc. (NYSE:REZI) is expected to achieve revenue growth in FY2025, driven by price increases, new products, and the Snap One acquisition. Although the macroeconomic conditions are uncertain at present, I believe the company should navigate the

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