Citizens Upgrades Radiant Logistics to Outperform With $10 Target After Strong Q4

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Citizens upgraded Radiant Logistics to Outperform from Market Perform with a $10 price target on September 15, 2026, one day after the company reported fourth fiscal quarter results for the period ended June 30, 2026. For that quarter, revenue rose 18.5% to $261.4 million, net income jumped 53.1% to $7.5 million, and adjusted EBITDA climbed 31.6% to $10.4 million while adjusted EBITDA margin expanded 240 basis points to 15.5%. Citizens cited stronger than expected revenue growth and operating margins, results tied to extra aid needed for Pacific typhoons and a stronger international customs environment, and expected acquisitions in 2027 and 2028. The full year moved in the opposite direction: revenue grew just 3.5% to $934.4 million, while full-year adjusted EBITDA fell 5.4% to $36.7 million from $38.8 million, a decline widening to $35.4 million after excluding a $1.3 million one-time adjustment. Radiant enters fiscal 2027 with zero net debt, $25.6 million in cash, and an amended $200 million credit facility extended to August 2031 with its acquisition-focused accordion expanded to $100 million from $75 million.

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Radiant Logistics Inc
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Citizens upgraded Radiant Logistics to Outperform with a $10 target after strong Q4 revenue, net income, and EBITDA results.

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