Mirion Technologies Raises Q2 Earnings Forecast, Citi Boosts Price Target to $24

Citi has increased its target price for Mirion Technologies (MIR) from $23 to $24, maintaining its Buy rating. The firm anticipates robust financial results and slightly adjusted earnings forecasts for 2025. The average target price from 5 analysts is $20.40, with a high estimate of $23.00 and a low estimate of $17.00. Mirion Technologies reported a strong start to 2025 with a 62% conversion of adjusted EBITDA to free cash flow, totaling $29 million.

Citi has increased its target price for Mirion Technologies (MIR) from $23 to $24, maintaining its Buy rating. The firm anticipates robust financial results and slightly adjusted earnings forecasts for 2025. The average target price from 5 analysts is $20.40, with a high estimate of $23.00 and a low estimate of $17.00. Mirion Technologies reported a strong start to 2025 with a 62% conversion of adjusted EBITDA to free cash flow, totaling $29 million [1].

Mirion Technologies (NYSE: MIR) has been making significant strides in the nuclear instrumentation and radiation safety sector. The company recently reported a 62% conversion of adjusted EBITDA to free cash flow in the first quarter of 2025, amounting to $29 million. This strong performance is a reflection of the company's strategic partnerships and operational improvements [2].

In addition to its financial performance, Mirion Technologies has been actively expanding its market reach through strategic collaborations. The company's partnership with Westinghouse Electric Company LLC for digital Ex-core Nuclear Instrumentation Systems (NIS) has been instrumental in driving digital innovation and enhancing performance in the nuclear industry [3].

The upgrade in target price by Citi comes amidst a positive outlook from analysts. The average target price from five analysts is $20.40, with a high estimate of $23.00 and a low estimate of $17.00. This suggests a consensus view that Mirion Technologies is well-positioned for growth and is expected to deliver strong financial results in the coming quarters [4].

Mirion Technologies' recent earnings call highlighted the company's robust order growth, particularly in the nuclear power segment, and operational improvements as key drivers of its success. CEO Tom Logan noted that most of the growth came from existing nuclear fleet customers, underscoring the company's position in recurring and safety-critical markets [5].

In conclusion, Mirion Technologies continues to demonstrate strong financial performance and strategic growth initiatives. With the recent target price increase by Citi, investors can expect further positive developments from this leading radiation safety and nuclear instrumentation company.

References:
[1] https://finance.yahoo.com/quote/MIR/news/
[2] https://finance.yahoo.com/quote/MIR/news/
[3] https://finance.yahoo.com/quote/MIR/news/
[4] https://finance.yahoo.com/quote/MIR/news/
[5] https://finance.yahoo.com/quote/MIR/news/