Bridger Aerospace initiated with a Buy at Stifel

Stifel initiated coverage of Bridger Aerospace (BAER) with a Buy rating and $3.35 price target The company has evolved into a mission-critical infrastructure platform positioned for a 2026 “financial inflection,” the analyst tells investors in a research note. The firm says that following a refinancing in October of 2025 and a nearly 50% fleet expansion, Bridger is on a “credible path” to increase EBITDA by over 70% in the next two years. The company is transitioning from a “seasonal micro-cap to a dominant, high-margin aerial firefighting leader,” contends Stifel.