Benchmark maintains Jerash stock rating as Middle East tensions impact

Investing.com - Benchmark maintained its Buy rating and $4.00 price target on Jerash Holdings (NASDAQ:JRSH) stock on Tuesday. Want to see the full analyst consensus and detailed valuation metrics? Check out InvestingPro for comprehensive analysis.

The research firm cited Jerash’s position as a Middle East apparel manufacturer, which exposes the company to both opportunities and challenges amid geopolitical volatility in the region.

Benchmark highlighted a positive trend as brands and retailers increasingly shift their supplier base away from higher-tariffed Asian countries toward areas like Jerash’s Jordan manufacturing facilities, with Walmart (NYSE:WMT) becoming the latest customer to utilize the company’s services.

The firm noted that port disruptions, particularly in Haifa, have created near-term timing issues that negatively impact Jerash’s forecasted results for March and June.

Benchmark’s $4 price target is based on a 3.5x enterprise value to EBITDA multiple using calendar 2026 estimates, with the firm viewing the longer-term manufacturing shift away from Asia as a more significant driver for the company’s prospects.

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