Mullen Group Ltd. (TSX:MTL)
Canada flag Canada · Delayed Price · Currency is CAD
29.68
+0.91 (3.18%)
Oct 26, 2026, 3:15 PM EDT

Mullen Group Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, Mullen Group stock has a consensus rating of "Buy" and an average price target of $33.52. The average 1-year stock price forecast is 12.96% higher than the current stock price, while the lowest is $25.00 (-15.75%) and the highest is $36.00 (+21.31%).

Price Target: $33.52 (+12.96%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$25.00$33.52$34.00$36.00
Change-15.75%+12.96%+14.57%+21.31%

Analyst Ratings

The average analyst rating for Mullen Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy333333
Buy333333
Hold444455
Sell000000
Strong Sell000000
Total101010101111

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Unknown Analyst
National Bank
No rating
National Bank
Buy
Maintains
$31.00 → $36.00
BuyMaintains$31.00 → $36.00+21.31%Oct 23, 2026
Scotiabank
Scotiabank
Hold
Maintains
$30.00 → $33.00
HoldMaintains$30.00 → $33.00+11.20%Oct 23, 2026
Unknown Analyst
Raymond James
No rating
Raymond James
Hold
Maintains
$25.00 → $31.00
HoldMaintains$25.00 → $31.00+4.47%Oct 23, 2026
CIBC
CIBC
Hold
Maintains
$29.00 → $34.00
HoldMaintains$29.00 → $34.00+14.57%Oct 23, 2026
BMO Capital
BMO Capital
Buy
Maintains
$32.00 → $36.00
BuyMaintains$32.00 → $36.00+21.31%Oct 23, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
2.43B
from 2.13B
Increased by 13.71%
Revenue Next Year
2.61B
from 2.43B
Increased by 7.64%
EPS This Year
1.43
from 0.94
Increased by 52.05%
EPS Next Year
1.62
from 1.43
Increased by 13.57%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.48B2.00B1.99B1.99B2.13B2.43B
Revenue Growth
26.89%35.33%-0.24%-0.27%7.26%13.71%
Gross Profit
417.44M571.51M589.77M603.58M639.97M732.71M
Gross Margin
28.25%28.58%29.57%30.34%29.99%30.20%
Operating Income
104.69M217.35M212.27M201.27M205.85M244.23M
Net Income
72.44M158.62M136.72M112.26M91.11M143.23M
EPS
----0.941.43
EPS Growth
-----30.88%52.05%
Forward PE
14.6010.9710.2311.3213.9120.76
Dividend / Share
0.480.680.720.770.840.84
Dividend Growth
45.46%41.67%5.88%6.94%9.09%-
Free Cash Flow
----210.16M162.82M
No. Analysts
-----10
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue202620272028
High2.5B
Avg2.4B
Low2.4B

Revenue Growth

Revenue Growth202620272028
High
15.2%
Avg
13.7%
Low
12.2%

EPS Forecast

EPS202620272028
High1.51
Avg1.43
Low1.30

EPS Growth

EPS Growth202620272028
High
60.6%
Avg
52.1%
Low
38.3%