OneWater Marine

ONEW · NASDAQ

$9.38+$0.03 (+0.32%)TodayMarket closed · Oct 20, 4:10 PM ET

Prev close $9.35

ONEW analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $13.26 (+41.4% upside)

Low: $12.12
Now: $9.38
High: $14.70

Upgrades and downgrades

The latest rating actions, newest first

ONEW analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Jul 6, 2026	Maintains	Buy	$15.00 → $13.00	56%
Keybanc	May 1, 2026	Maintains	Overweight	$16.00 → $14.00	37%
Truist Securities	Apr 27, 2026	Maintains	Buy	$17.00 → $15.00	56%
Keybanc	Nov 14, 2025	Maintains	Overweight	$17.00 → $16.00	37%

The case for and against

Updated May 3, 2026

Bull case

OneWater Marine is facing certain challenges in its Dealership segment, including a sales miss and decrease in same-store sales, as well as a negative impact from exited brands. However, the company has a strong long-term outlook, supported by its unique positioning in the market and potential for growth through M&A and consolidation. Despite macroeconomic challenges, OneWater expects to see improved inventory levels, reduced discounting, and lower interest rates, leading to cautious optimism for the future and a positive overall outlook.

Bear case

OneWater Marine is facing several potential challenges that could negatively impact its financial performance, including prolonged adverse demand conditions in the boating market, inclement weather or economics in its key regions, and margin dilution or increased leverage from poor M&A execution. While the company has maintained its guidance and has successfully reduced its leverage through debt repayment, there are still concerns about potential termination of major manufacturer dealer agreements. Additionally, while ONEW has shown positive growth in same-store sales and has a durable GM profile, its future growth may rely heavily on mergers and acquisitions, network benefits, and its focus on the used boat market. However, given the cyclical nature of the marine industry and potential headwinds, there is a level of caution and uncertainty surrounding the company's long-term growth potential.

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