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.
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. designs, engineers, manufactures, and markets performance-defining products and systems worldwide.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
