CEMEX (CX) Delivers 19% EBITDA Growth in Q3 2025, Analyst Sees Upside

CEMEX, S.A.B. de C.V. (NYSE:CX) is one of the best Mexican stocks to invest in. On November 18, Goldman Sachs’ Jorel Guilloty reaffirmed his Buy rating on CEMEX, S.A.B. de C.V. (NYSE:CX) with an $11.50 price target.

Barclays Reaffirms Buy Rating on CEMEX (CX), Sets $12 Target

The analyst action followed CEMEX’s Q3 2025 results, which came out the same day. During the quarter, CEMEX managed $4.25 billion in consolidated net sales, a 2% rise from Q3 2024. Also, this marked the first quarterly net sales growth since Q1 2024, which management stated was supported by improving regional dynamics in EMEA, South/Central America & the Caribbean, and by positive trends in Mexico and the US. But the star of the quarter was consolidated EBITDA, which jumped by 19% year over year to reach $882 million. The EBITDA margin expanded by 2.5% year-over-year, to 20.8%, which is the best third-quarter margin achieved since 2020.

In its outlook, CEMEX maintained flat EBITDA guidance for full-year 2025, aiming for free cash flow conversion rates of 45% in 2026 and 50% by 2027. Management cited expected demand growth in Mexico (2.5–3% in 2026) and potential price increases for Europe and the US to offset inflation.

CEMEX, S.A.B. de C.V. (NYSE:CX) is a leading global building materials company headquartered in Monterrey, Mexico. It specializes in cement, ready-mix concrete, and aggregates.

While we acknowledge the potential of CX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Cryptocurrency Stocks to Buy for the Long Term and 10 Best Mid Cap Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.