Analysts See 27% to 37% Upside after FirstService’s Q4 Beat, $535M EBITDA
BMO Capital cut its FirstService price target from $209 to $202 while retaining an Outperform rating, implying 27% upside, and TD Securities raised its target from $211 to $217, implying 37% upside. FirstService posted $535.4 million in 2025 EBITDA with Residential unit’s adjusted EBITDA surpassing consensus and Brands meeting estimates.
1. Analyst Ratings and Price Targets
BMO Capital reduced its price target for FirstService from $209 to $202 while keeping an Outperform rating that implies 27% upside, and TD Securities raised its target from $211 to $217, signaling 37% upside potential.
2. Q4 Financial Metrics
FirstService reported $535.4 million in total EBITDA for 2025, driven by adjusted EBITDA in the Residential segment exceeding consensus estimates and FirstService Brands performing in line with expectations.
3. Segment Performance Drivers
Residential segment strength was attributed to robust property management demand and effective cost controls, while stable performance in Brands reflected predictable operations in specialty services and insurance brokerage.