Analysts at Citi have increased their price target on Australia’s PWR Holdings (ASX:PWH) to A$11.75 per share, up from a previous target of A$11.55 per share.

The financial firm states PWR Holdings' fiscal year 2023 results were in line with their estimates, as net profit after tax experienced a 4.4% increase.

The financial firm further projects that the company will return to around 20% revenue growth in fiscal 2024, and maintains a ‘Buy’ rating on the stock.

Estimates for net profit after tax on the designer, manufacturer, and supplier of advanced cooling solutions have been increased by 1-6% for fiscal years 2024 and 2025.

Across a panel of eight analysts, five rate the PWR Holdings' stock as a ‘buy’ or higher, two recommend holding it, and one suggests selling.

These analysts have a median price target of A$10.71, according to Refinitiv data.

As of the most recent closing value, the stock has experienced a 9.3% decline this year.

PWR Holdings (ASX:PWH) is an Australian company that designs, manufactures, and supplies advanced cooling solutions.