John Gibson CFA, an analyst from BMO Capital, maintained the Buy rating on Black Diamond. The associated price target is C$22.00.
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John Gibson CFA has given his Buy rating due to a combination of factors that, in his view, support a favourable long-term outlook for Black Diamond. He highlights solid recent execution, including Q4/25 EBITDA that materially exceeded both his model and street expectations, along with resilient performance in Modular Space Solutions, where rental rates continue to improve despite a modest dip in utilization.
He also points to meaningful upside potential in Workforce Solutions as large-scale projects ramp in the 2026–2027 period, and to rapidly growing contributions from the LodgeLink platform. In valuation terms, he notes that the shares trade at a discount to peers on 2027 EV/EBITDA, and he reflects his conviction by raising his target price while reiterating his Outperform recommendation.
BDI’s price has also changed dramatically for the past six months – from C$11.480 to C$18.190, which is a 58.45% increase.