Analysts expect shares of Interface Inc (Nasdaq: IFSIA) to increase on revenue growth from growing demand for carpet tiles in hotels, schools, medical centers and offices.
Barron analyst said share price could rise from the current $16.30 to $20-$22.
Some analyts expect Interface revenue to grow by 10% over the next year, and a compound 25% over the next three years. Over 70% of Interface’s $1 billion plus annual revenue comes from increasingly popular modular carpeting.
Interface is one of the world’s leading companies on sustainable practices.
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