Loop Capital initiates coverage on BRP stock with Buy rating

Published 11/14/2025, 03:46 AM
Loop Capital initiates coverage on BRP stock with Buy rating

Investing.com - Loop Capital initiated coverage on BRP Inc. (NASDAQ:DOOO) with a Buy rating and a price target of C$108.00.

The investment firm cited BRP’s strong market share gains in the North American off-road vehicle industry over the past decade, driven by innovation, as a key reason for the positive outlook.

Loop Capital believes BRP is positioned to return to profitable, organic market share growth in fiscal year 2027, as the North American ORV industry completes its post-COVID inventory rationalization process.

The firm expressed some caution regarding BRP’s upcoming third-quarter fiscal 2026 earnings, projecting earnings of $1.16 per share compared to the consensus estimate of $1.26.

Loop Capital’s C$108 price target is based on a price-to-earnings multiple of 18.5 times its fiscal year 2027 earnings estimate of $5.85, slightly above the consensus estimate of $5.75.

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