Stifel Sees Upside in FirstService Corporation (FSV) Despite Near-Term Segment Pressure

FirstService Corporation (NASDAQ:FSV) is one of the most oversold Canadian stocks. On April 27, Stifel analysts reaffirmed a Buy rating on FirstService Corporation (NASDAQ:FSV) and reduced the price target to $200 from $215.

Stifel Bullish on FirstService Corporation (FSV) as an Oversold Canadian Stock

The bullish stance follows the company’s strong first quarter 2026 results. Adjusted EBITDA reached $105.7 million, above consensus estimates of $103.8 million. Despite this, the price target was cut due to the underperformance of home improvement brands, which saw a sharp decline in demand.

In addition, Stifel remains wary of the roofing segment, which is under pressure amid weak commercial construction activity. However, bid activity in the segment is showing signs of improvement. The restoration segment is also expected to return to growth in the second half of the year, which should help FirstService Corporation achieve mid-single-digit growth.

The research firm also expects the company to receive a significant boost from acquisitions and short-term related restoration revenues.

FirstService Corporation (NASDAQ:FSV) leads North America in property services, operating through two divisions: FirstService Residential (condo and HOA management) and FirstService Brands (franchise and company-owned services like California Closets, CertaPro Painters, and Paul Davis Restoration).

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