Willdan Group

WLDN · NASDAQ

$72.72−$0.85 (−1.16%)TodayMarket closed · Oct 20, 7:45 PM ET

Prev close $73.57

WLDN analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $135.15 (+85.8% upside)

Low: $131.30
Now: $72.72
High: $141.75

Upgrades and downgrades

The latest rating actions, newest first

WLDN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wedbush	Sep 23, 2026	Maintains	Outperform	$130.00	63%
Wedbush	Aug 18, 2026	Maintains	Outperform	$130.00	63%
Wedbush	Apr 9, 2026	Initiates	Outperform	$110.00	63%
Wedbush	Jan 15, 2026	Maintains	Outperform	$120.00 → $145.00	63%
Clear Street	Jan 2, 2026	Maintains	Buy	$112.00 → $125.00	40%

The case for and against

Updated Oct 16, 2026

Bull case

Willdan Group is supported by a disciplined M&A strategy that expands capabilities without creating major integration risk, as shown by the Mantis and KCS acquisitions, both of which add complementary expertise in energy efficiency, power delivery, and data-center infrastructure. The Mantis deal is particularly attractive because it broadens the commercial mix toward management’s one-third target, brings more than 30% of revenue from data centers and 25% to 30% from food and beverage, and could add up to ~$20 million in net revenue if pass-through costs are approved. KCS directly eases APG’s capacity bottleneck in licensed power engineering, supporting a pipeline that is expected to grow ~3x y/y this year and reinforcing the company’s ability to convert backlog faster.

Bear case

Willdan Group is facing a negative fundamental setup because the Mantis acquisition adds meaningful integration risk while increasing exposure to data center buildouts, which account for more than 30% of Mantis’s revenue and are expected to rise to the mid-teens as a share of pro forma WLDN. The deal also brings lower-margin business, creating roughly 50 bps of pro forma dilution versus Willdan’s ~25% FY26 Adj. EBITDA guidance and offsetting about a year of management’s targeted 50 to 100 bps of annual expansion. While the acquisition may strengthen its footprint in building controls and utility demand-response work, the concentration in a cyclical end market and the margin drag weaken the quality of earnings and raise execution risk.

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