Polaris Inc

PII remains in a Stage 2 advancing phase with strong medium-term momentum confirmed by continuation patterns and rising EMAs, but price is extended and overbought on short-term indicators. The medium-term bias is bullish, yet current execution timing is unfavorable. We will stalk for a pullback into the rising EMA zone before engaging.

• ↑Utility segment sales now represent 70% of Powersports revenue, powering growth.
• ↑Q1 2026 adjusted EPS $0.13 beats by 130%, driven by tariff-adjusted margin gains.
• ↓Estimated $215 M tariff headwind, with $45 M next-year burden weighing earnings.