Parkin Co. Price Target Raised as United Securities Notes Q2 Earnings Beat

03:41 AM EDT, 08/31/2026 (MT Newswires) -- United Securities LLC raised its price target and full-year 2026 earnings forecast for Parkin Co. (DFM:PARKIN) after the company's second-quarter earnings exceeded expectations. "Parkin is strengthening its market position through continued expansion across public and developer parking assets. Its diversified operating base and asset-light business model provide resilience against near-term market challenges while supporting sustainable long-term growth," analysts wrote on Sunday. "Based on the current results, we revise our 2026e revenue forecast upward to AED 1.5bn (from AED 1.43bn) and raise our net profit to AED 700mn (from AED 647mn). We therefore upgrade our target price to AED 6.20 from AED 5.95, implying an upside of 9.2% from current levels, and retain our HOLD rating on Parkin." During the reporting period, the parking facilities and services company logged a 14% year-over-year increase in second-quarter revenue to 360 million Emirati dirhams, surpassing United Securities' estimates by 13%. Net profit, meanwhile, increased 12% annually to 166 million dirhams, exceeding the research firm's forecast by 21%.