Stingray Group Inc (RAY-A.CA) Forecast, Price Target & Analyst Ratings

TSX:RAY-A • CA86084H1001

Current stock price

14.5 CAD
-0.25 (-1.69%)
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 Stingray Group Inc (RAY-A.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$18.11
+ 24.86% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jun 8, 2026
Period
Q3 / 2026
EPS Estimate
CA$0.38
Revenue Estimate
124.48M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
84.62%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$18.11
Upside
+ 24.86%
From current price of CA$14.50 to mean target of CA$18.11, Based on 13 analyst forecasts
Low
CA$17.17
Median
CA$17.85
High
CA$19.95

Price Target Revisions

1 Month
0.00%
3 Months
2.90%

Price Target Summary

13 Wall Street analysts provided a forecast for the next 12 months for RAY-A.CA. The average price target is 18.11 CAD. This implies a price increase of 24.86% is expected in the next year compared to the current price of 14.5.
The average price target has been revised upward by 2.9% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

RAY-A Current Analyst RatingRAY-A Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

RAY-A Historical Analyst RatingsRAY-A Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
84.62%
RAY-A.CA was analyzed by 14 analysts. The buy percentage consensus is at 83. So analysts seem to be very confident about RAY-A.CA.
In the previous month the buy percentage consensus was at a similar level.
RAY-A.CA was analyzed by 14 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-11-10BMO FinancialDowngrade
2022-11-10CIBC Capital MarketsDowngrade Outperform
2022-11-09CIBC Capital MarketsMaintains Outperform
2022-10-12CIBC Capital MarketsDowngrade Outperform
2022-08-03Canaccord CapitalMaintains Buy
2022-08-03CIBC Capital MarketsMaintains Outperform
2022-06-10Canaccord CapitalDowngrade
2022-06-09National Bank of Canada FinancialDowngrade Outperform
2022-06-09BMO FinancialDowngrade
2022-06-09CIBC Capital MarketsDowngrade Outperform
2022-06-01CIBC Capital MarketsMaintains Outperform
2022-04-29CIBC Capital MarketsUpgrade Outperform
2022-01-06CIBC Capital MarketsMaintains Outperform
2021-11-11RBCRoyalBankDowngrade Outperform
2021-10-28CIBC World MarketsMaintains Outperform
2021-10-19National Bank FinancialDowngrade Outperform
2021-08-04RBC CapitalMaintains Outperform
2021-07-30RBC CapitalUpgrade Outperform
2021-06-04RBC CapitalMaintains Outperform
2021-06-04CIBC World MarketsMaintains Outperform
2021-06-04Canaccord GenuityUpgrade
2021-02-08CIBC World MarketsUpgrade

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jun 8, 2026
Period
Q3 / 2026
EPS Estimate
CA$0.38
Revenue Estimate
124.48M
Revenue Q2Q
15.02%
EPS Q2Q
10.88%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
0.00%
EPS (1 Month)
0.00%
EPS (3 Months)
-0.54%

Next Earnings Summary

RAY-A.CA is expected to report earnings on 6/8/2026. The consensus EPS estimate for the next earnings is 0.38 CAD and the consensus revenue estimate is 124.48M 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 - 2028

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

2023 2024 2025 2026 2027 2028
Revenue
YoY % growth
RAY-A.CA revenue by date.RAY-A.CA revenue by date.
323.944M
14.62%		345.428M
6.63%		386.891M
12.00%		486.36M
25.71%		653.22M
34.31%		629.33M
-3.66%
EBITDA
YoY % growth
RAY-A.CA ebitda by date.RAY-A.CA ebitda by date.
111.345M
10.49%		117.485M
5.51%		130.388M
10.98%		168.54M
29.26%		229.18M
35.98%		242.31M
5.73%
EBIT
YoY % growth
RAY-A.CA ebit by date.RAY-A.CA ebit by date.
78.365M
20.14%		87.352M
11.47%		99.638M
14.06%		124.84M
25.29%		171.19M
37.13%		185.4M
8.30%
Operating Margin
RAY-A.CA operating margin by date.RAY-A.CA operating margin by date.
24.19%25.29%25.75%25.67%26.21%29.46%
EPS
YoY % growth
RAY-A.CA eps by date.RAY-A.CA eps by date.
0.79
-1.25%		0.87
10.13%		1.05
20.69%		1.44
36.84%		1.93
34.53%		1.81
-6.22%

All data in CAD

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

Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.38
10.88%		0.38
40.39%
Revenue
Q2Q % growth		124.48M
15.02%		147.09M
53.21%
EBITDA
Q2Q % growth		44.177M
-18.54%		48.73M
-5.56%
EBIT
Q2Q % growth		33.688M
6.64%		34.067M
63.38%

All data in CAD

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

RAY-A.CA Yearly Revenue VS EstimatesRAY-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
RAY-A.CA Yearly EPS VS EstimatesRAY-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
19.96%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
17.02%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
33.46%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

Stingray Group Inc / RAY-A.CA Forecast FAQ

What is the average price target for Stingray Group Inc (RAY-A.CA) stock?

13 analysts have analysed RAY-A.CA and the average price target is 18.11 CAD. This implies a price increase of 24.86% is expected in the next year compared to the current price of 14.5.

Can you provide the upcoming earnings date for Stingray Group Inc?

Stingray Group Inc (RAY-A.CA) will report earnings on 2026-06-08.

What are the consensus estimates for Stingray Group Inc (RAY-A.CA) next earnings?

The consensus EPS estimate for the next earnings of Stingray Group Inc (RAY-A.CA) is 0.38 CAD and the consensus revenue estimate is 124.48M CAD.

What is the number of analysts for RAY-A stock?

The number of analysts covering Stingray Group Inc (RAY-A.CA) is 13.