BofA Upgrades Avient (AVNT) on Improving Industry Conditions

Avient Corporation (NYSE:AVNT) ranks among the best technology growth stocks to buy under $100. On May 13, BofA Securities boosted Avient Corporation (NYSE:AVNT) to Neutral from Underperform, lifting its price objective to $96 from $66. The firm noted a number of positive cycle indications, namely a substantial backlog, book-to-bill ratios greater than 1 in all regions, and lead time increases in over half of the tracked areas.

According to the firm, inventory has stabilized to 77 days, indicating that Avient Corporation (NYSE:AVNT) begins the upcycle with a healthier balance sheet than in previous cycles. In that regard, BofA Securities increased its fiscal 2027 earnings projection to $9.06 per share from $8.66.

That said, BofA Securities stated that it remains wary of possible pull-forward effects on end demand in the latter half of 2026 and 2027, a weaker recovery in Farnell, operating margin gains constrained by the regional mix, and higher Street projections.

Separately, on April 30, Avient Corporation (NYSE:AVNT) revealed strong third-quarter fiscal 2026 earnings, exceeding both revenue and EPS projections. The company’s EPS of $1.48 was 12.98% higher than the projected $1.31. Meanwhile, revenue came in at $7.1 billion, 10.94% more than the projected $6.4 billion.

Avient Corporation (NYSE:AVNT) provides materials solutions used across a wide range of industries. Its portfolio includes colorants, advanced composites, functional additives, engineered materials, and Dyneema, its ultra-high-molecular-weight polyethylene product.

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