William Blair analyst Stephen Sheldon has reiterated their bullish stance on CIGI stock, giving a Buy rating today.
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Stephen Sheldon’s rating is based on Colliers International Group’s strong financial performance and optimistic future outlook. The company reported impressive second-quarter results, with revenue and adjusted EBITDA surpassing both the firm’s and consensus estimates. Additionally, the adjusted EPS exceeded expectations, indicating robust profitability.
Furthermore, Colliers has raised its outlook for 2025, projecting significant growth in revenue, adjusted EBITDA, and adjusted EPS. This positive revision is driven by higher organic growth assumptions and successful recent acquisitions. While leasing trends remain a concern, the overall performance and improved guidance suggest a promising trajectory for the company, justifying the Buy rating.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a $155.00 price target.