Mirion Technologies Receives Outperform Rating and Price Target of $26 from Northland Capital Markets

Northland Capital Markets initiates coverage on Mirion Technologies with an "Outperform" rating and a price target of $26.00. This marks a positive outlook for MIR. Analysts have also provided new ratings and price targets, with some maintaining "Buy" or "Outperform" ratings and raising price targets. The average target price for Mirion Technologies is $21.40, with an upside of 3.38% from the current price.

Northland Capital Markets has initiated coverage on Mirion Technologies, Inc. (MIR) with an "Outperform" rating and a price target of $26.00, marking a positive outlook for the company. This rating comes amidst a broader positive sentiment from analysts, with some maintaining "Buy" or "Outperform" ratings and raising price targets.

Mirion Technologies, a leading provider of radiation detection, measurement, and monitoring products and services, has been gaining attention for its strong growth prospects. The company operates in two segments: Medical and Nuclear & Safety. Its nuclear-focused technologies are essential throughout the nuclear energy lifecycle, making it a critical player in the industry.

Key factors driving Mirion Technologies' growth include:

1. Earnings Growth: Mirion Technologies has shown impressive earnings growth, with a historical EPS growth rate of 43.8% and projected EPS growth of 22% for the current year, significantly outperforming the industry average of 20.7% [1].

2. Cash Flow Growth: The company's year-over-year cash flow growth of 5.3% is higher than the industry average of -10.3%, indicating robust financial health [1].

3. Positive Earnings Estimate Revisions: The Zacks Consensus Estimate for Mirion Technologies' current-year earnings has been revising upward, reflecting positive analyst sentiment [1].

Mirion Technologies' diversified business model and commitment to digital innovation, particularly in the nuclear and radiation safety sectors, position it well for future growth. The company's recent deal with Westinghouse Electric Company to enhance nuclear instrumentation with digital solutions underscores its focus on integrating advanced technologies into its solutions.

Analysts have also highlighted Mirion Technologies' strong market position and the long-term growth prospects of the nuclear power industry, driven by increasing demand for clean energy and supportive government policies. The company's solid second-quarter 2025 earnings results and guidance further bolster its growth prospects.

While Mirion Technologies carries a Zacks Rank of #2, its combination of a Growth Score of B and a Zacks Rank #1 or 2 indicates potential outperformance for growth investors [1]. The average target price for Mirion Technologies is $21.40, with an upside of 3.38% from the current price.

References:
[1] https://www.nasdaq.com/articles/mirion-technologies-mir-solid-growth-stock-3-reasons-think-yes
[2] https://finance.yahoo.com/news/zacks-analyst-blog-highlights-mirion-130200315.html