Does Mirion Technologies (MIR) Have an Attractive Growth Potential?

Conestoga Capital Advisors, an asset management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their momentum that began in early April, reaching new all-time highs in the third quarter. In the quarter, the Conestoga Small Cap Composite returned -1.4% net-of-fees, underperforming the Russell 2000 Growth Index’s impressive 12.2% gain. Most of the Index’s gains come from low-quality stock leadership, where unprofitable, high-beta names have considerably outperformed. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025.

In its third-quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as Mirion Technologies, Inc. (NYSE:MIR). Headquartered in Atlanta, Georgia, Mirion Technologies, Inc. (NYSE:MIR) offers radiation detection, measurement, analysis, and monitoring products and services that operate in the Medical and Nuclear & Safety segments. The one-month return of Mirion Technologies, Inc. (NYSE:MIR) was 1.30%, and its shares gained 71.94% of their value over the last 52 weeks. On October 17, 2025, Mirion Technologies, Inc. (NYSE:MIR) stock closed at $24.17 per share, with a market capitalization of $6.053 billion.

Conestoga Capital Advisors stated the following regarding Mirion Technologies, Inc. (NYSE:MIR) in its third quarter 2025 investor letter:

“Mirion Technologies, Inc. (NYSE:MIR) provides radiation detection, measurement, analysis, and safety solutions for medical, nuclear, and industrial applications. MIR continues to benefit from durable demand drivers, including heightened focus on nuclear energy, healthcare imaging, and global safety standards. The company generates recurring revenue through service contracts and consumables, while its diversified end markets reduce cyclicality. With improving margins, deleveraging progress, and exposure to long-term infrastructure and energy trends, MIR offers attractive growth potential at a reasonable valuation.”

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Mirion Technologies, Inc. (NYSE:MIR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 46 hedge fund portfolios held Mirion Technologies, Inc. (NYSE:MIR) at the end of the second quarter, up from 35 at the end of the previous quarter. In the second quarter of 2025, Mirion Technologies, Inc. (NYSE:MIR) reported revenue of $222.9 million, a year-over-year increase of 7.6%. While we acknowledge the risk and potential of Mirion Technologies, Inc. (NYSE:MIR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Mirion Technologies, Inc. (NYSE:MIR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Mirion Technologies, Inc. (NYSE:MIR) and shared Meridian Small Cap Growth Fund’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.