Goldman Sachs Raises Price Target for Mueller Water Products (NYSE: MWA) Amid Strong Q2 Performance

Font: Financial Modeling Prep  • May 07, 2026

• Goldman Sachs increased its price target for Mueller Water Products despite maintaining a "Neutral" rating.
• The company reported strong Q2 earnings, surpassing analyst estimates for both EPS and revenue.
• Following robust financial performance, Mueller Water Products raised its annual financial guidance for fiscal 2026.

Mueller Water Products (NYSE: MWA) is a leading manufacturer of products and services used in the transmission, distribution, and measurement of water. The company's offerings are essential for public water and private water systems, making it a key player in the vital water infrastructure industry, providing critical water utility solutions.

On May 6, 2026, the investment firm Goldman Sachs provided an update on Mueller Water Products. The firm maintained its "Neutral" grade on the stock, with a recommended action to "hold" existing shares. At the time the grade was issued, the stock price was $27.14 per share.

Despite the neutral rating, Goldman Sachs raised its price target on Mueller Water Products to $29.00 from a previous target of $28.00, as highlighted by TheFly. A price target is an analyst's projection of a stock's future price. This increase suggests a more positive outlook on the company's potential performance and future stock valuation.

This revised target aligns with the company's strong second-quarter results. As reported by Zacks, Mueller Water Products announced quarterly earnings of $0.40 per share, surpassing estimates of $0.38 per share. Revenues for the quarter reached $384.40 million, also exceeding expectations and demonstrating significant revenue growth from $364.30 million a year ago.

According to a release by GlobeNewswire, the company's net sales increased by 5.50%. This robust financial performance led to a 15.00% rise in adjusted EBITDA, a key profitability metric, to $97.20 million. Following these strong results, Mueller Water Products has raised its annual financial guidance for fiscal 2026, signaling confidence in its continued growth trajectory.