Firan price target raised to $17.00 at Beacon

Following the company’s second quarter results, Beacon Securities analyst Russell Stanley has raised his price target on Firan Technology Group (Firan Technology Group Stock Quote, Chart, News, Analysts, Financials TSX:FTG).

On July 8th, FTG reported its Q2, 2025 results. The company posted Adjusted EBITDA of $8.7-million on revenue of $48.7-million, a topline that was up 25.6-million year-over-year.

“Our second quarter set another sales record for FTG,” stated Brad Bourne, President and CEO of FTG. “We continued to see strong end market demand from all market segments and we continue to ramp our throughput in support of this demand. Our FLYHT acquisition was profitable in the quarter which was sooner than anticipated and shows the potential for our new business in the commercial aerospace aftermarket segment. The uncertainty around US tariffs remains but we have not seen any material impact so far. During 2025, we have seen significant movements in the value of the Canadian dollar versus the US dollar which benefited our Q1 results and negatively impacted Q2. The current exchange rate is in line with where it was in 2024 so going forward it should not have a material impact on FTG’s results.”

In a researc update to clients July 9th, Stanley maintained his “Buy” rating and raised his price target on Firan from $15.00 to $17.00, implying a return of 44% at the time of publication.

Stanley thinks the company will post Adjusted EBITDA of $35.0-million on revenue of $196.0-million in fiscal 2025. He expects those numbers will improve to Adjusted EBITDA of $42.0-million on a topline of $218.0-million in fiscal 2026.