Reliance stock: BofA raises target for Reliance stock to USD 435.00

Published on 10/24/2026 at 04:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA raised its target from USD 405.00 to USD 435.00 on October 23, 2026. Reliance stock posted non-GAAP EPS of USD 8.02 in Q3.

Target increase and earnings outlook

BofA raised its Reliance target to USD 435.00 from USD 405.00 on October 23, 2026.
Third-quarter 2026 net sales reached USD 5.21 billion, up 12.6 percent sequentially.
Reliance guided to non-GAAP diluted EPS of USD 7.40-7.60 for the fourth quarter of 2026.

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Reliance, Inc. (ISIN US7595091023) received a higher BofA price target of USD 435.00 from USD 405.00 on October 23, 2026, as Markets Insider reported. The revised target followed Reliance's third-quarter earnings beat and came with an Underperform rating.

Third-quarter earnings reset expectations

Reliance reported third-quarter 2026 net sales of USD 5.21 billion on October 21, 2026, up 12.6 percent from the second quarter. The company also delivered diluted EPS of USD 7.84 and non-GAAP diluted EPS of USD 8.02, up 120.3 percent from USD 3.64 in the third quarter of 2025, according to Reliance. Non-GAAP EPS exceeded management's guidance range of USD 6.40-6.60, although higher LIFO expense reduced the reported gross profit margin to 27.9 percent.

Three results milestones in 2026

On October 5, 2026, KeyBanc raised its target to USD 421.00 from USD 418.00 while retaining an Overweight rating, as Investing.com reported. Reliance then reported USD 5.21 billion of third-quarter revenue on October 21, followed by BofA's USD 435.00 target on October 23, according to Markets Insider.

What does the outlook mean?

Reliance expects fourth-quarter 2026 non-GAAP diluted EPS of USD 7.40-7.60, up more than 200 percent year over year. The range includes USD 112.5 million of expected LIFO expense and about USD 0.70 per share from the U.S. border wall project, according to Reliance.

Dates and capital allocation

The next dated capital events are a November 20, 2026 record date and a December 4, 2026 dividend payment. The board approved a quarterly dividend of USD 1.25 per share and increased the share repurchase authorization to USD 2.5 billion on October 20, 2026, according to Reliance.

Market value and yearly range

Reliance had a market capitalization of USD 21.2 billion and a 52-week range of USD 263.12 to USD 435.00 as of October 23, 2026. The range places the revised BofA target at the upper end of the latest annual trading band.

The further course of trading is shown by the continuously updated real-time quote of Reliance stock.