WallStSmart
HEI

Heico Corporation

NYSE: HEI · INDUSTRIALS · AEROSPACE & DEFENSE

$260.99
-1.10% today

Updated 2026-04-29

Market cap
$36.41B
P/E ratio
51.78
P/S ratio
7.86x
EPS (TTM)
$5.04
Dividend yield
0.09%
52W range
$256 – $362
Volume
0.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Heico Corporation (HEI) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$260.99
Consensus
$357.08
+36.82%
2030 Target
$706.60
+170.74%
DCF
$353.81
+8.88% MoS
12 analysts:
8 Buy4 Hold1 Sell

Management guidance

Management has not provided explicit multi-year revenue targets in available earnings call transcripts. However, CEO guidance emphasizes strong organic growth in Flight Support Group, robust demand in commercial aerospace and defense, and emerging opportunities in industrial gas turbine market for AI power applications. Company maintains optimistic outlook supported by strategic acquisitions (EthosEnergy, Axillon) and double-digit organic growth expectations.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,168.61
$8.1B Rev × 20x P/S
Base case (2030)
$706.60
$8.1B Rev × 12x P/S
Bear case (2030)
$462.01
$8.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$3.0B$3.9B$4.5B$5.1B$5.7B$6.5B$7.2B$8.1B
Revenue growth—30.0%16.3%14.0%12.1%12.6%12.1%11.8%
EPS$2.94$3.66$6.10$5.65$6.55$7.50$8.50$9.60
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$434.83$489.19$543.54$625.07$706.60

Catalysts & risks

Growth catalysts
+ Continued strong commercial aerospace recovery and flight hour growth (primary driver of Flight Support Group)
+ Successful integration of recent acquisitions (EthosEnergy, Axillon) driving margin expansion
+ Defense spending increases and modernization programs supporting Electronic Technologies Group
+ Emerging AI data center infrastructure expansion driving new industrial gas turbine aftermarket demand
+ Organic growth acceleration in core aftermarket parts business with 30-40% cost advantage over OEMs
Key risks
- Middle East conflicts and Strait of Hormuz disruptions impacting airline industry and reducing flight hours
- Rising jet fuel prices pressuring airline operating margins and capital spending
- Electronic Technologies Group margin pressure from product mix headwinds (noted in Q1 FY2026)
- Operating cash flow weakness despite record earnings (noted post-earnings, may impact acquisition capacity)
- Elevated leverage profile post-recent acquisitions reducing financial flexibility
- Valuation risk: current 53.8x P/E suggests limited downside protection if growth disappoints

Methodology

Heico Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.