Citi Remains Bullish on HEICO (HEI) Despite Lagging Aftermarket Business

HEICO Corporation (NYSE:HEI) is included in our list of the 15 Stocks Set to Explode in the Next 3 Years.

Photo from Firefly Aerospace website

As of April 6, 2026, 60% of covering analysts maintain bullish ratings for HEICO Corporation (NYSE:HEI), indicating that analyst sentiment remains optimistic. The $375.00 consensus price target implies an upside of 35.78%.

HEICO Corporation (NYSE:HEI) also has the confidence of the billionaire Warren Buffett, who first acquired a stake in the company in the second quarter of 2024, which now stands at  $185.37 million.

As part of a more comprehensive Q1 preview for defense and aerospace companies, Citi analyst John Godyn reduced the firm’s price target for HEICO to $323 from $400 on April 2, 2026, while maintaining a “Buy” rating.

Earlier, on April 1, 2026, Wells Fargo initiated coverage of HEICO Corporation (NYSE:HEI) with an “Equal Weight” rating and a $290 price target. The firm stated that although the stock currently commands a peer-leading valuation, HEICO’s aftermarket business continues to lag peers. According to Wells Fargo, the company’s relative growth versus peers is expected to continue contracting, which might reduce the company’s valuation premium.

All things considered, the analyst revisions indicate that Wall Street continues to see potential in HEICO Corporation (NYSE:HEI), but investors’ expectations are growing more cautious as they balance the stock’s historically high multiple against slower comparable growth.

HEICO Corporation (NYSE:HEI) is a leader in electronics and aerospace, manufacturing products for use in spacecraft, airplanes, defense systems, medical devices, and telecommunications equipment.

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