Mullen Group Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, Mullen Group stock has a consensus rating of "Buy" and an average price target of $29.50. The average 1-year stock price forecast is 8.66% higher than the current stock price, while the lowest is $25.00 (-7.92%) and the highest is $32.00 (+17.86%).

Price Target: $29.50 (+8.66%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$25.00	$29.50	$30.00	$32.00
Change	-7.92%	+8.66%	+10.50%	+17.86%

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

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	3	3	3	3	3	3
Buy	3	3	3	3	3	3
Hold	4	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kevin Chiang CIBC	CIBC	Hold Maintains $22.00 → $28.00	Hold	Maintains	$22.00 → $28.00	+3.13%	Jul 24, 2026
Konark Gupta Scotiabank	Scotiabank	Hold Maintains $24.00 → $29.00	Hold	Maintains	$24.00 → $29.00	+6.81%	Jul 24, 2026
John Gibson CFA BMO Capital	BMO Capital	Buy Maintains $32.00	Buy	Maintains	$32.00	+17.86%	Jul 24, 2026
Walter Spracklin RBC Capital	RBC Capital	Buy Reiterates $23.00 → $30.00	Buy	Reiterates	$23.00 → $30.00	+10.50%	Jul 24, 2026
Tim James TD Cowen	TD Cowen	Buy Maintains $32.00	Buy	Maintains	$32.00	+17.86%	Jul 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.36B

from 2.13B

10.43%

from 2.13B

Revenue Next Year

2.46B

from 2.36B

4.32%

from 2.36B

EPS This Year

1.34

from 0.94

42.51%

from 0.94

EPS Next Year

1.51

from 1.34

12.83%

from 1.34

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.48B	2.00B	1.99B	1.99B	2.13B	2.36B
Revenue Growth	26.89%	35.33%	-0.24%	-0.27%	7.26%	10.43%
Gross Profit	417.44M	571.51M	589.77M	603.58M	639.97M	711.60M
Gross Margin	28.25%	28.58%	29.57%	30.34%	29.99%	30.20%
Operating Income	104.69M	217.35M	212.27M	201.27M	205.85M	225.98M
Net Income	72.44M	158.62M	136.72M	112.26M	91.11M	126.49M
EPS	-	-	-	-	0.94	1.34
EPS Growth	-	-	-	-	-30.88%	42.51%
Forward PE	14.60	10.97	10.23	11.32	13.91	20.27
Dividend / Share	0.48	0.68	0.72	0.77	0.84	0.84
Dividend Growth	-	41.67%	5.88%	6.94%	9.09%	-
Free Cash Flow	79.76M	127.78M	79.23M	177.95M	136.16M	131.73M
No. Analysts	-	-	-	-	-	10

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	2.4B
Avg	2.4B
Low	2.3B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	12.2%
Avg	10.4%
Low	9.3%

EPS Forecast

Chart

EPS	2026	2027	2028
High	1.41
Avg	1.34
Low	1.27

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	50.0%
Avg	42.5%
Low	35.1%