COVALON TECHNOLOGIES LTD (COV.CA) Forecast, Price Target & Analyst Ratings

TSX-V:COV • CA22282D3022

Current stock price

1.8 CAD
-0.03 (-1.64%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for COVALON TECHNOLOGIES LTD (COV.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$2.96
+ 64.33% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 26, 2026
Period
Q2 / 2026
EPS Estimate
CA$0.02
Revenue Estimate
9.593M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
84.44%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$2.96
Upside
+ 64.33%
From current price of CA$1.80 to mean target of CA$2.96, Based on 9 analyst forecasts
Low
CA$2.93
Median
CA$2.96
High
CA$3.05

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for COV.CA. The average price target is 2.96 CAD. This implies a price increase of 64.33% is expected in the next year compared to the current price of 1.8.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

COV Current Analyst RatingCOV Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4

Analyst Ratings History

COV Historical Analyst RatingsCOV Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -15 -14 -13 -12 -11 -10 -9 -8 -7 -6 -5 -4 -3 -2 -1 0 2 4 6 8

Analyst Ratings Consensus

ChartMill Buy Consensus
84.44%
COV.CA was analyzed by 9 analysts. The buy percentage consensus is at 84. So analysts seem to be very confident about COV.CA.
In the previous month the buy percentage consensus was at a similar level.
COV.CA was analyzed by 9 analysts. More opinions would make the average more meaningful.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2025-12-11RESEARCH CAPITAL CORPORATIONMaintains Buy -> Buy
2025-01-06RESEARCH CAPITAL CORPORATIONMaintains Buy -> Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 26, 2026
Period
Q2 / 2026
EPS Estimate
CA$0.02
Revenue Estimate
9.593M
Revenue Q2Q
26.46%
EPS Q2Q
3.00%
Number of Analysts
4

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
0.00%

Next Earnings Summary

COV.CA is expected to report earnings on 5/26/2026. The consensus EPS estimate for the next earnings is 0.02 CAD and the consensus revenue estimate is 9.59M CAD.
The next earnings revenue estimate has been revised downward by 0% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2030

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
COV.CA revenue by date.COV.CA revenue by date.
26.595M
46.56%		31.169M
17.20%		32.816M
5.29%		37.447M
14.11%		42.299M
12.96%		45.139M
6.71%		48.18M
6.74%		51.478M
6.85%
EBITDA
YoY % growth
COV.CA ebitda by date.COV.CA ebitda by date.
-3.559M
56.11%		3.138M
188.15%		2.719M
-13.35%		3.572M
31.39%		5.531M
54.84%		6.342M
14.66%		7.228M
13.97%		8.2M
13.45%
EBIT
YoY % growth
COV.CA ebit by date.COV.CA ebit by date.
-4.529M
50.47%		2.151M
147.50%		1.764M
-18.01%		2.834M
60.68%		5.551M
95.87%		6.603M
18.95%		7.756M
17.46%		9.025M
16.36%
Operating Margin
COV.CA operating margin by date.COV.CA operating margin by date.
-17.03%6.90%5.37%7.57%13.12%14.63%16.10%17.53%
EPS
YoY % growth
COV.CA eps by date.COV.CA eps by date.
N/AN/A0.07
-47.72%		0.07
3.00%		0.14
100.00%		0.18
21.43%		0.20
11.71%		0.24
21.06%

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.02
3.00%		0.020.02
106.00%
Revenue
Q2Q % growth		9.593M
26.46%		9.924M
18.54%		10.835M
24.65%
EBITDA
Q2Q % growth		1.014M
31.25%		1.001M
59.37%		1.118M
-6.90%
EBIT
Q2Q % growth		925.97K
228.59%		871.38K
1,207.22%		981.59K
299.34%

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

COV.CA Yearly Revenue VS EstimatesCOV.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10M 20M 30M 40M 50M
COV.CA Yearly EPS VS EstimatesCOV.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2028 2029 2030 0.05 0.1 0.15 0.2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
35.75%
EPS Next 5 Year
27.60%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
6.78%
Revenue Next 5 Year
6.78%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
139.18%
EBIT Next 5 Year
77.64%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

COVALON TECHNOLOGIES LTD / COV.CA Forecast FAQ

What do analysts expect the price target to be for COVALON TECHNOLOGIES LTD (COV.CA)?

9 analysts have analysed COV.CA and the average price target is 2.96 CAD. This implies a price increase of 64.33% is expected in the next year compared to the current price of 1.8.

What is the next earnings date for COV stock?

COVALON TECHNOLOGIES LTD (COV.CA) will report earnings on 2026-05-26.

What are the consensus estimates for COV stock next earnings?

The consensus EPS estimate for the next earnings of COVALON TECHNOLOGIES LTD (COV.CA) is 0.02 CAD and the consensus revenue estimate is 9.59M CAD.

What is the expected long term growth rate for COV stock?

The expected long term growth rate for COVALON TECHNOLOGIES LTD (COV.CA) is 6.78%.