Austin Moeller, an analyst from Canaccord Genuity, maintained the Buy rating on Bridger Aerospace Group Holdings (BAER – Research Report). The associated price target remains the same with $6.00.
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Austin Moeller’s rating is based on the increasing prevalence of wildfires and the legislative developments that could benefit Bridger Aerospace Group Holdings. The ongoing rise in wildfire incidents, with higher-than-average occurrences and acres burned, suggests a growing demand for Bridger’s firefighting services. The introduction of the Aerial Firefighting Enhancement Act of 2025, which aims to bolster aerial wildfire suppression fleets, further supports the potential for expanded operations and revenue growth for the company.
Despite a lower-than-expected revenue from California due to standby operations, the National Interagency Fire Center’s outlook indicates an above-normal wildfire risk in the Southwestern and Southeastern U.S. This situation presents an opportunity for Bridger’s Super Scooper aircraft to be deployed earlier than usual, potentially boosting their Q1 performance. Consequently, Austin Moeller maintains a positive outlook on Bridger’s financial projections, reinforcing the Buy rating with a price target of $6.
Moeller covers the Industrials sector, focusing on stocks such as Vertical Aerospace, Archer Aviation, and Bridger Aerospace Group Holdings. According to TipRanks, Moeller has an average return of 16.2% and a 43.10% success rate on recommended stocks.