CIGI Stock Forecast & Price Target

Colliers International Group Inc. has experienced a significant expansion in its EV/EBITDA multiple, increasing by approximately 2 turns year-to-date, with expectations for an additional turn of expansion in the near future. The company’s emphasis on increasing recurring revenues is contributing to a predictable cash flow stream, enhancing its potential for strong organic growth and further valuation multiple expansion. Additionally, favorable economic projections, including a Real GDP growth forecast of 1.4% in 2026, underscore a supportive environment for Colliers’ diverse service offerings across its key operating segments.

Colliers International Group Inc. is currently trading at a 1.7x discount to its closest competitor, CBRE, marking the worst relative spread in the past decade, whereas historically, Colliers has traded at a premium. This notable decline in its competitive positioning may raise concerns regarding investor confidence and market perception. Additionally, the company’s performance has been affected by macroeconomic conditions, as commercial real estate brokers have historically underperformed during steepening periods of the yield curve, suggesting potential challenges ahead.