Quest Resource Holding Corporation (NASDAQ:QRHC) is one of the best waste management stocks to buy right now. On August 19, Craig-Hallum analyst Aaron Spychalla maintained a Buy rating on Quest Resource Holding Corporation (NASDAQ:QRHC) without assigning a price target.
However, Northland downgraded Quest Resource Holding Corporation (NASDAQ:QRHC) to Market Perform from Outperform on August 12, bringing the price target down to $2.25 from $5.50.
The firm gave the rating after the company reported its Q2 results, stating that Quest Resource Holding Corporation (NASDAQ:QRHC) faces headwinds related to ongoing macro uncertainties and continued softness with some industrial customers.
It added that the company’s strategic initiatives are “going to take longer to bear fruit” given the macro uncertainty, the analyst tells investors.
Quest Resource Holding Corporation (NASDAQ:QRHC) provides waste and recycling services to customers from various industrial sectors.
The company’s focus is on recyclables and waste streams from the food chain, big box, and other retailers, along with construction and demolition projects, manufacturing plants, truck, and bus fleet operators, and more.
While we acknowledge the potential of QRHC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.