ESAB's Near-Term Headwinds Transient, Flywheel Acceleration Likely, Oppenheimer Says

Oppenheimer reports that ESAB's near-term challenges are temporary, predicting a return to growth and margin expansion. Despite an 8% drop in shares since Q2 2025 results, the firm sees potential in global markets, particularly with the opening of Venezuela and increased defense spending in Europe. ESAB's acquisition of EWM is expected to enhance growth, especially in the US. Oppenheimer raised its price target for ESAB from $142 to $148, maintaining an outperform rating.