Clean Harbors (NYSE: CLH) Stock Analysis: Price Target Increase and Strong Q2 Results

• Needham analyst raises Clean Harbors price target to $390.00, indicating a 19.51% potential upside from its previous trading price.
• The company reported robust Q2 financial performance, with earnings per share (EPS) of $3.22 and revenue of $1.74 billion, both surpassing analyst estimates.
• Despite being considered overvalued with an estimated fair value of $245.30, Clean Harbors maintains a strong GF Score of 87, reflecting solid financial health.

Clean Harbors (NYSE: CLH) is a leading provider of environmental and industrial services. The company helps customers manage and dispose of hazardous materials, and also offers a wide range of cleaning and maintenance services. With a market capitalization of approximately $17.25 billion, Clean Harbors is a significant player in the business services sector.

On July 30, 2026, Needham analyst James Ricchiuti increased the price target for Clean Harbors to $390.00. At the time, the stock was trading at $326.34. This new target suggests a potential increase of 19.51% from its price at the time of the announcement, reflecting a positive outlook on the company's future performance.

This optimism follows the company's strong second-quarter results. Clean Harbors reported earnings per share (EPS) of $3.22, which was higher than the expected consensus estimate of $2.81. EPS is a measure of a company's profit allocated to each share of stock. The company also posted revenue of $1.74 billion, beating estimates of $1.64 billion.

The company's financial performance shows significant growth. Revenue increased by 11.9% compared to the same period last year. Clean Harbors also reported a net margin of 6.53%, which shows how much profit it makes from its revenue. The company's return on equity, a measure of profitability, was 14.37%.

Following the news, Clean Harbors shares reached a new 52-week high of $335.94. However, as highlighted by GuruFocus, the stock is considered overvalued, trading above its estimated fair value of $245.30. Despite this, the company has a strong GF Score of 87 out of 100, indicating solid overall financial health and performance.