FirstService, the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Stephen Macleod from BMO Capital maintained a Buy rating on the stock and has a $209.00 price target.
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Stephen Macleod has given his Buy rating due to a combination of factors that highlight FirstService’s strong long-term potential. Despite some near-term challenges, such as macroeconomic uncertainties affecting the Roofing segment and a tough comparison impacting Restoration growth, Macleod sees these issues as temporary. The company’s underlying demand drivers remain robust, and the recent stock pullback is viewed as an attractive buying opportunity.
FirstService’s financial performance in Q3/25 was largely in line with expectations, with adjusted EBITDA and EPS meeting consensus estimates. The company’s recurring revenue model, which accounts for approximately 80% of its revenue base, provides stability against macroeconomic headwinds. Additionally, FirstService’s strong liquidity position and balance sheet further support its ability to sustain growth. Macleod believes that FirstService is well-positioned to achieve long-term revenue and EBITDA growth, making the stock deserving of its premium valuation.
In another report released today, Scotiabank also upgraded the stock to a Buy with a $205.00 price target.
FSV’s price has also changed slightly for the past six months – from $172.710 to $166.730, which is a -3.46% drop .