Stifel Lowers Fox Factory (FOXF) PT to $33 Amid Lowered Q3 2025 Estimates

Fox Factory Holding Corp. (NASDAQ:FOXF) is one of the cheap stocks to buy for the next 5 years. On October 7, Stifel analyst Peter McGoldrick lowered the firm’s price target on Fox Factory to $33 from $36, while keeping a Buy rating on the shares. The firm is lowering its Street-high estimates ahead of the Q3 2025 report to reflect updates in end-markets.

In Q2 2025, Fox Factory Holding reported net sales of $375 million from growth across all three business segments. Continued investment in R&D and product innovation is strategically positioning FOXF for long-term market share gains. However, the net income for Q2 dropped to $2.7 million, which was a decrease from $5.4 million in the prior year’s period.

Stifel Lowers Fox Factory (FOXF) PT to $33 Amid Lowered Q3 2025 Estimates

The most significant headwind is tariffs, which have increased costs. The CFO, Dennis Shem, noted that the pre-mitigation tariff impact increased from $38 to $50 million. The company is actively working on mitigation strategies, including supply chain optimization and relocating manufacturing processes to more favorable regions.

Fox Factory Holding Corp. (NASDAQ:FOXF) designs, engineers, manufactures, and markets performance-defining products and systems worldwide.

While we acknowledge the potential of FOXF 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 FOXF and that has 100x upside potential, check out our report about this cheapest AI stock.

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