Resideo Technologies: Transformation Efforts Drive A Recovery In 2H 2026 (Rating Upgrade)
Resideo Technologies' (REZI) transformation initiatives, Snap One integration, and product launches are expected to drive margin and EBITDA growth, especially in 2H 2026. Despite negative free cash flow and macro risks, REZI maintains robust liquidity and improved leverage, supporting resilience amid ongoing market uncertainty. With an EV/EBITDA multiple below peers and 4–6% EBITDA growth projected, REZI offers ~98% near-term upside, presenting an attractive accumulation opportunity.