Investing.com - DA Davidson has reiterated its Buy rating and $4.00 price target on Jerash Holdings (NASDAQ: JRSH ) stock, citing the apparel manufacturer’s strategic position amid changing global supply chains.

The research firm notes that Jerash’s Middle East manufacturing base is attracting brands and retailers looking to diversify away from higher-tariffed Asian countries. This shift has created favorable near and long-term implications for the company, with Walmart (NYSE: WMT ) becoming the latest customer to utilize Jerash’s Jordan-based production facilities.

Despite the positive long-term outlook, DA Davidson acknowledges that port disruptions, particularly in Haifa, have created timing issues that negatively impact Jerash’s forecasted results for March and June quarters.

The $4 price target is based on a 3.5x enterprise value to EBITDA multiple using calendar 2026 estimates, reflecting the firm’s confidence in Jerash’s future performance.

The research firm maintains its positive stance on Jerash Holdings, viewing the longer-term trend of supply chain shifts away from Asia as a more powerful driver for the company than temporary logistical challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.