GFL Environmental: Resilient Fundamentals, Conservative Guidance, and Visible Growth Support Buy Rating

William Blair analyst Trevor Romeo has maintained their bullish stance on GFL stock, giving a Buy rating today.

Trevor Romeo has given his Buy rating due to a combination of factors that highlight GFL Environmental’s resilient fundamentals and visible growth trajectory. He notes that the company outperformed expectations on revenue, EBITDA, and free cash flow in the latest quarter, driven by solid pricing, contributions from acquisitions, and margin strength, while currency weakness masks the true momentum embedded in 2026 guidance.

Romeo also views management’s outlook as somewhat conservative, with macro headwinds and no assumed improvement in recycling, FX, or volumes, which creates room for upside if conditions stabilize or improve. In his view, incremental gains from pricing discipline, merger-and-acquisition opportunities, internal efficiency initiatives, and potential index inclusion, alongside a stronger free cash flow ramp into 2027, support a favorable risk‑reward profile that justifies a Buy recommendation.

In another report released today, TD Cowen also reiterated a Buy rating on the stock with a C$88.00 price target.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is neutral on the stock.