Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- RBC Capital Markets analyst Tom Callaghan initiated coverage on FirstService Corp (NASDAQ:FSV) with Outperform Rating with a price target of $165.
- The analyst is bullish on the long-term growth prospect of the company, given its strong track record of business execution and efficient management team.
- Callaghan believes FSV's diversified business shields it against an unfavorable macroeconomic environment. He also commends FSV's balance sheet flexibility to aid acquisitions.
- As per the analyst, FSV's organic growth and bolt-on acquisitions have driven a revenue CAGR of 19% over the last 25 years and an EPS CAGR of 17% (since separation from Colliers International Group Inc. (NASDAQ: CIGI)).
- Callaghan projects adjusted EBITDA of $399 million (+13% Y/Y) in 2023, $451 million in 2024 (+13% Y/Y) on expected revenue growth of 11% Y/Y in 2023 and 10% Y/Y in 2024.
- The analyst also sees a margin expansion potential, mainly within the Brands divisions, over the medium to longer-term period.
- Price Action: FSV shares are trading higher by 1.71% at $145.29 on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!