Scotiabank Raises FirstService (FSV) Price Target to $175
Key Points
- Scotiabank maintained its Sector Outperform rating on FirstService Corporation on October 23, 2026, and raised its price target from $170.00 to $175.00.
- Scotiabank's $175 price target implies 18.87% upside from FirstService Corporation's ($FSV) current $147.22 share price.
- FirstService shares recently traded around $147.22, up about 0.8% from their $146.00 close on the day of the analyst update.
- The real estate services provider manages residential properties across North America and offers property services through its two main business segments.
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On October 23, 2026, Scotiabank maintained its Sector Outperform rating on FirstService Corporation (NASDAQ:FSV) while raising its price target to $175.00 from $170.00. The research note was published on the same day the stock closed at $146.00.
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FirstService Corporation
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Scotiabank's Call on FirstService Corporation
In its research note published on October 23, 2026, Scotiabank maintained its Sector Outperform rating on the real estate services provider while lifting its price target to $175.00 from $170.00. The firm previously adjusted its target on the company to $175.00 back on June 30, 2026, when it also kept a Sector Outperform rating.
Other Institutional Activity in FirstService
Institutional investors continue to adjust their positions in FirstService shares. Montrusco Bolton Investments trimmed its holdings by 58,839 shares, ending the period with 195,494 shares valued at about $25,089,602. Orbis Allan Gray Ltd grew its position by 76,188 shares to hold 4,044,289 shares worth approximately $590,466,194. Manufacturers Life Insurance Co. added 148,857 shares, bringing its total stake to 2,062,192 shares valued at roughly $301,080,032. 1832 Asset Management L.P. increased its holdings by 1,266,418 shares to reach 1,684,460 shares worth about $245,931,160. Jupiter Topco LLC lifted its stake by 840,243 shares, finishing with 1,680,486 shares valued at roughly $245,350,956.
FirstService Corporation Stock Up 7.8%
FirstService shares recently traded around $147.22, up about 0.8% since closing at $146.00 on October 23, 2026. The stock sits above its 50-day moving average of $135.63 and above its 200-day moving average of $142.54.
$FSV price target
FirstService Corporation daily closes and this analyst's $175 target. Not advice.
Recent Earnings
FirstService generated trailing twelve month revenue of $5.6 billion alongside basic earnings per share of $3.26.
Dividend
FirstService pays an annual dividend rate of $1.22 per share, translating to a dividend yield of 0.89%.
Analysts Set New Price Targets
Wall Street tracks the company through eight analyst opinions, resulting in a consensus buy rating and a mean price target of $177.75.
About FirstService Corporation
Headquartered in Toronto, Ontario, FirstService Corporation provides essential property services and residential property management to commercial and residential clients throughout the United States and Canada. The company operates through its FirstService Residential and FirstService Brands divisions, supporting communities and service networks across North America.
Bottom Line
Scotiabank's latest update keeps a positive outlook on FirstService as the firm tracks the company's progress in the real estate services sector. Investors will monitor upcoming earnings reports and further institutional filings to see how market demand shifts for the company's property management services.
Related Filing Alerts
Source: Scotiabank's rating change on $FSV (Oct 23, 2026). Written by software, not financial advice. How we make alerts