William Blair analyst Stephen Sheldon has reiterated their bullish stance on FSV stock, giving a Buy rating on October 14.
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Stephen Sheldon has given his Buy rating due to a combination of factors that suggest FirstService remains a strong investment despite some short-term challenges. The company reported mixed third-quarter results, with revenue slightly below expectations and some temporary issues in the roofing segment. However, the long-term outlook remains positive, as FirstService is considered a high-quality earnings compounder.
Management has adjusted its 2025 guidance, anticipating moderate revenue and EBITDA growth. Despite these adjustments, Sheldon believes the company’s growth story is intact, with potential for improvement in restoration work and margin expansion. The current stock pullback presents a buying opportunity, as the challenges are expected to be temporary and the company’s strategic capital deployment will likely drive future growth.
According to TipRanks, Sheldon is a 3-star analyst with an average return of 3.3% and a 46.02% success rate. Sheldon covers the Technology sector, focusing on stocks such as Par Technology, AppFolio, and Alarm.
In another report released on October 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $230.00 price target.