FSV, CA33767E2024

CIBC cuts target for FirstService stock to USD 170 from USD 175

Published on 10/17/2026 at 20:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue is expected at USD 1.48 billion on October 22, 2026. FirstService stock closed at USD 135.67 on October 16, 2026, up 0.44 percent on Nasdaq.

Analyst view meets quarterly estimates

CIBC lowered its FirstService target from USD 175.00 to USD 170.00 on October 15, 2026.
FirstService is expected to report USD 1.48 billion in third-quarter revenue on October 22, 2026.
FirstService stock closed at USD 135.67 on Nasdaq on October 16, 2026 at 4:00 p.m. EDT, up 0.44 percent versus the prior close.
FirstService traded at a P/E ratio of 38.43 and a dividend yield of 0.90 percent on October 16, 2026.

FSV, CA33767E2024, Illustration mit AI erstellt.

CIBC lowered its FirstService target from USD 175.00 to USD 170.00 on October 15, 2026, keeping an Outperformer rating ahead of the quarterly report. The new target stood 25.29 percent above the Nasdaq closing price of USD 135.67 on October 16, 2026 at 4:00 p.m. EDT.

Q3 estimates set the next marker

MarketBeat expects FirstService to report third-quarter 2026 results before the market opens on October 22, 2026. The estimate calls for USD 1.48 billion in revenue and USD 1.84 in earnings per share, compared with USD 1.45 billion and USD 1.76 in the same quarter a year earlier.

The stock remains below its high

FirstService closed at USD 135.67 on Nasdaq on October 16, 2026, up 0.44 percent from the prior close of USD 135.07. The session volume was 159,382 shares against an average of 206,990, while the day range ran from USD 134.70 to USD 137.42.

The 52-week range stood at USD 119.41 to USD 189.05 on October 16, 2026. The closing price was 28.23 percent below the high and 13.61 percent above the low. The stock was down 12.77 percent from its year-opening level of USD 155.53.

Valuation and reporting date

FirstService had a market capitalization of USD 5.92 billion, a P/E ratio of 38.43 and a dividend yield of 0.90 percent on October 16, 2026. The company operates residential property management and branded property services across North America.

The October 22 report is the next dated event for the stock. The expected revenue comparison gives investors a concrete benchmark for judging whether the softer roofing activity cited in the CIBC update is affecting consolidated growth.

Price and investor perspective

The combination of a USD 170.00 target and a USD 135.67 closing price leaves a 25.29 percent gap between the latest Nasdaq level and CIBC's revised objective. The upcoming revenue estimate of USD 1.48 billion is the next measurable test for the company's operating momentum.

FirstService was last at USD 135.67 on Nasdaq on October 16, 2026 at 4:00 p.m. EDT, up 0.44 percent versus the prior close.