DA Davidson Issues Positive Forecast for WD-40 (NASDAQ:WDFC) Stock Price

WD-40 (NASDAQ:WDFC) had its price objective raised by equities researchers at DA Davidson from $270.00 to $305.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. DA Davidson’s target price indicates a potential upside of 27.39% from the company’s previous close.

Several other research analysts have also recently commented on the company. Northcoast Research upgraded WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. William Blair started coverage on WD-40 in a research note on Monday, April 6th. They set an “outperform” rating for the company. Finally, Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $305.00.

WD-40 Price Performance

WDFC opened at $239.42 on Friday. The company has a fifty day simple moving average of $218.83 and a 200 day simple moving average of $218.91. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 40.72 and a beta of 0.26. WD-40 has a twelve month low of $175.38 and a twelve month high of $253.24. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.32.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The firm had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts expect that WD-40 will post 5.99 EPS for the current fiscal year.

Hedge Funds Weigh In On WD-40

A number of large investors have recently bought and sold shares of the business. Fortitude Family Office LLC boosted its stake in WD-40 by 4,133.3% in the fourth quarter. Fortitude Family Office LLC now owns 127 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 124 shares during the period. Quarry LP raised its position in shares of WD-40 by 1,462.5% during the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 117 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of WD-40 by 400.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 172 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 170 shares during the period. Institutional investors own 91.52% of the company’s stock.

Key Headlines Impacting WD-40

Here are the key news stories impacting WD-40 this week:

• Positive Sentiment: WD-40 beat quarterly expectations with EPS of $2.33 versus the $1.58 consensus, while revenue of $195.1 million also topped estimates, helping drive bullish sentiment. WD-40 Company Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company raised FY 2026 outlook, guiding EPS to $6.05-$6.35 and revenue to $675 million-$690 million, both above Wall Street expectations. WD-40 earnings and guidance update
• Positive Sentiment: Management highlighted robust sales growth, with quarterly revenue up 24.3% year over year, suggesting strong demand for the company’s core products. WD-40 Co (WDFC) Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Commentary around “AI isn’t everything” and the company’s old-fashioned product strength is helping frame the move, but it is more narrative than a direct fundamental driver. WD-40 Stock Surges After Earnings Show AI Isn’t Everything
• Neutral Sentiment: Some articles also note the company is shifting homecare brands to “held for use,” which appears to be a portfolio-management item rather than a major stock-moving development. WD-40 outlines FY 2026 reported net sales

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.