Citi has revised its price target for Mirion Technologies (MIR, Financial), reducing it from $20 to $17 while maintaining a Buy rating. This adjustment is part of Citi's broader first-quarter forecast for U.S. electrical equipment and industrial conglomerates. Despite the price target reduction, Citi remains optimistic about the sector, suggesting that new policies could enhance long-term growth prospects.
Citi analysts believe that the sector will benefit from the current administration's protectionist measures, potentially boosting secular growth over time. While the short-term outlook for orders and earnings in the sector appears stable, Citi sees potential for further value growth among multis, including Mirion Technologies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Mirion Technologies Inc (MIR, Financial) is $19.40 with a high estimate of $20.00 and a low estimate of $18.00. The average target implies an upside of 41.50% from the current price of $13.71. More detailed estimate data can be found on the Mirion Technologies Inc (MIR) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Mirion Technologies Inc's (MIR, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Mirion Technologies Inc (MIR, Financial) in one year is $9.41, suggesting a downside of 31.36% from the current price of $13.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Mirion Technologies Inc (MIR) Summary page.
