TSX:MDI Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, TSX:MDI stock has a consensus rating of "Strong Buy" and an average price target of $20.95. The average 1-year stock price forecast is 40.32% higher than the current stock price, while the lowest is $19.75 (+32.28%) and the highest is $22.00 (+47.35%).

Price Target: $20.95 (+40.32%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$19.75	$20.95	$21.00	$22.00
Change	+32.28%	+40.32%	+40.66%	+47.35%

Analyst Ratings

The average analyst rating for TSX:MDI stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Dec '25	Feb '26	Mar '26	May '26	Jun '26
Strong Buy	4	4	4	4	4	4
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Steven Green TD Cowen	TD Cowen	Buy Maintains $21.00 → $22.00	Buy	Maintains	$21.00 → $22.00	+47.35%	Jun 11, 2026
Sam Crittenden RBC Capital	RBC Capital	Buy Maintains $20.00	Buy	Maintains	$20.00	+33.96%	Jun 5, 2026

Financial Forecast

Revenue This Year

1.02B

from 889.08M

14.58%

from 889.08M

Revenue Next Year

1.13B

from 1.02B

11.09%

from 1.02B

EPS This Year

0.68

from 0.26

161.54%

from 0.26

EPS Next Year

1.15

from 0.68

69.49%

from 0.68

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 30, 2022	Apr 30, 2023	Apr 30, 2024	Apr 30, 2025	Apr 30, 2026	Apr 30, 2027
Revenue	650.42M	735.74M	706.69M	727.58M	889.08M	1.02B
Revenue Growth	50.53%	13.12%	-3.95%	2.96%	22.20%	14.58%
Gross Profit	139.77M	176.90M	152.72M	130.54M	139.12M	268.93M
Gross Margin	21.49%	24.04%	21.61%	17.94%	15.65%	26.40%
Operating Income	71.42M	98.59M	73.50M	39.03M	33.71M	129.70M
Net Income	53.46M	74.92M	53.09M	25.96M	21.38M	36.83M
EPS	-	-	-	-	0.26	0.68
EPS Growth	-	-	-	-	-18.75%	161.54%
Forward PE	20.02	13.31	12.18	10.44	15.41	21.96
Free Cash Flow	29.98M	31.94M	30.60M	15.00M	24.00M	104.90M
No. Analysts	-	-	-	-	-	5

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2027	2028	2029
High	1.1B
Avg	1.0B
Low	983.2M

Revenue Growth

Revenue Growth	2027	2028	2029
High	18.8%
Avg	14.6%
Low	10.6%

EPS Forecast

EPS	2027	2028	2029
High	0.81
Avg	0.68
Low	0.45

EPS Growth

EPS Growth	2027	2028	2029
High	211.5%
Avg	161.5%
Low	73.1%