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Investing.com - Northland initiated coverage on Mirion Technologies (NYSE:MIR) with an Outperform rating and a $26.00 price target on Monday. The stock, currently trading at $20.82, has shown remarkable momentum with an 89% return over the past year, though InvestingPro analysis suggests the stock is trading above its Fair Value.
The research firm highlighted Mirion’s strong position as a well-established radiation technology company with exposure to attractive end markets, including nuclear power and nuclear medicine.
Northland noted that Mirion has content on more than 95% of the global nuclear fleet and exposure to new construction projects, combining recurring revenue with growth potential.
The company is targeting 30% EBITDA margins with mid-single-digit plus organic growth, according to Northland’s research note.
Northland also pointed to Mirion’s track record of accretive mergers and acquisitions as a supplementary growth driver for the radiation technology firm.
In other recent news, Mirion Technologies Inc. reported its Q2 2025 earnings, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $0.11, compared to the forecasted $0.10, representing a 10% surprise. Revenue for the quarter reached $222.9 million, exceeding the anticipated $217.04 million by 2.7%. These results highlight Mirion Technologies’ ability to outperform market predictions. Despite the positive earnings report, the company’s stock experienced a decline in after-hours trading. However, the earnings and revenue figures remain a focal point for investors assessing the company’s recent performance. The market’s reaction may reflect broader volatility rather than company-specific issues. Investors will continue to monitor these developments closely.
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