RideNow Group (NASDAQ:RDNW) Given New $7.00 Price Target at Robert W. Baird

RideNow Group (NASDAQ:RDNW) had its target price lifted by Robert W. Baird from $5.00 to $7.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on RDNW. Weiss Ratings reissued a “sell (d-)” rating on shares of RideNow Group in a research report on Thursday, January 22nd. Wall Street Zen raised shares of RideNow Group to a “buy” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, RideNow Group has a consensus rating of “Hold” and an average target price of $6.00.

RideNow Group Stock Performance

Shares of RDNW opened at $6.21 on Tuesday. The business has a 50-day moving average of $5.98 and a 200 day moving average of $4.94. RideNow Group has a fifty-two week low of $1.46 and a fifty-two week high of $7.17. The firm has a market cap of $236.10 million, a P/E ratio of -4.47 and a beta of 1.26.

RideNow Group (NASDAQ:RDNW) last announced its quarterly earnings data on Monday, March 9th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $256.90 million during the quarter. RideNow Group had a negative net margin of 4.84% and a negative return on equity of 360.78%. As a group, research analysts predict that RideNow Group will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. City State Bank purchased a new position in RideNow Group during the 4th quarter valued at about $26,000. Qube Research & Technologies Ltd purchased a new stake in shares of RideNow Group in the second quarter worth about $52,000. Dimensional Fund Advisors LP purchased a new stake in shares of RideNow Group in the fourth quarter worth about $64,000. Balyasny Asset Management L.P. bought a new position in shares of RideNow Group in the fourth quarter valued at approximately $66,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of RideNow Group in the fourth quarter valued at approximately $69,000. Institutional investors own 66.14% of the company’s stock.

Key Headlines Impacting RideNow Group

Here are the key news stories impacting RideNow Group this week:

• Positive Sentiment: Adjusted EBITDA growth — Powersports segment drove a $9.7M adjusted EBITDA in the quarter, a clear improvement in underlying profitability that management emphasized as evidence the business is stabilizing. Article Title
• Positive Sentiment: Same-store and unit trends improved in Q4 — the company reported growth in same-store revenue, gross profit and unit volume in the fourth quarter, suggesting operational momentum in core dealerships. Article Title
• Positive Sentiment: Management is targeting renewed acquisition growth — executives signaled M&A activity could resume, which could accelerate scale and revenue if execution follows through. Article Title
• Neutral Sentiment: Earnings materials and call transcript available — full Q4/2025 press release and the earnings-call transcript are published for investors wanting detail on segment performance and management commentary. Article Title
• Neutral Sentiment: Earnings-call highlights recap — analysts summarized the quarter as strong EBITDA growth despite revenue pressures; the highlights provide a quick read on drivers and risks. Article Title
• Positive Sentiment: Analyst target raised by Robert W. Baird — Baird increased its price target from $5.00 to $7.00 while keeping a neutral rating, signaling some upside potential tied to improving profitability. Article Title
• Negative Sentiment: Continued GAAP losses and margin pressure — RideNow reported Q4 EPS of ($0.17), revenue of $256.9M, a negative net margin (~9.4%) and deeply negative ROE, underscoring the company remains unprofitable on a GAAP basis. Article Title
• Negative Sentiment: DA Davidson keeps a cautious stance — DA Davidson reiterated a neutral rating and set a $6.00 price target, which is below the recent market level and signals limited near-term upside from that bench of analysts. Article Title

About RideNow Group

RideNow Group, Inc (NASDAQ: RDNW) is a leading U.S. retailer of powersports vehicles, offering both new and pre-owned inventory to enthusiasts and recreational riders. The company’s dealerships carry a diverse lineup of motorcycles, all-terrain vehicles (ATVs), side-by-sides, personal watercraft and snowmobiles from major manufacturers. In addition to vehicle sales, RideNow Group provides comprehensive service and maintenance, aftermarket parts and accessories and a range of financing and protection plans tailored to powersports customers.

Founded in 2004 and headquartered in Houston, Texas, RideNow Group has grown through a combination of organic expansion and strategic acquisitions.