William Blair analyst Stephen Sheldon has reiterated their bullish stance on CIGI stock, giving a Buy rating on October 24.
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Stephen Sheldon has given his Buy rating due to a combination of factors, including Colliers International Group’s robust financial performance and optimistic future outlook. The company reported a significant 24% revenue growth in the third quarter, with 13% attributed to organic growth, surpassing both the firm’s and market expectations. Additionally, the adjusted EBITDA and EPS figures were above estimates, indicating strong operational efficiency.
Moreover, Colliers maintained its positive guidance for 2025, expecting continued revenue growth in the low teens and mid-teens for adjusted EBITDA and EPS. The real estate services segment is projected to grow in high single digits with improved EBITDA margins, while engineering is expected to see substantial growth. The capital markets and leasing revenues also showed impressive year-over-year growth, suggesting a positive trend in these areas. These factors collectively support Sheldon’s optimistic outlook and Buy rating for Colliers International Group.
In another report released on October 24, Stifel Nicolaus also maintained a Buy rating on the stock with a $195.00 price target.