Canaccord Genuity Hikes Bridger Aerospace (BAER) Price Target on New Financial Strategy

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)’s bid to reduce its outstanding debt and bolster financial standing has caught the attention of analysts on Wall Street. On May 27, Canaccord Genuity analysts increased the stock’s price target to $5.25 from $5 while maintaining a Buy rating. The revised target reflects substantial growth potential from the current price of $1.37.

A shot of a prototype aircraft taking to the skies, the symbol of the companies innovation in aerospace & defense.

The Buy rating comes on the company inking an agreement to sell and lease back its headquarters at the Bozeman Yellowstone International Airport. The $46 million the company will generate from the sale will help reduce the $202 million outstanding debt. The sale and debt settlement is part of Bridger Aerospace’s financial management strategy.

The transaction is also expected to lead to cash savings for the business. Bridger Aerospace expects net cash savings of about $1 million. That’s partly because the annual interest expense stands at $4.5 million compared to a new yearly rent of $3.5 million on leasing the property.

The bullish stance also comes on Bridger Aerospace delivering robust sales growth in Q1 2025. Revenue in the quarter was up 184% year-over-year to $15.6 million. The company has secured a $20.1 million five-year contract with the US Department of Interior. Consequently, it expects its full-year revenue to range between $105 million and $111 million.

Bridger Aerospace Group Holdings, Inc. specializes in aerial wildfire surveillance, suppression, and relief across the U.S. It operates Viking CL-415EAF (Super Scooper) aircraft for rapid water drops and Air Attack planes for real-time fire intelligence and coordination. The company also provides maintenance, repair, and overhaul (MRO) services, offering upgrades and modifications for Spanish scoopers and other aircraft used in firefighting efforts.

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