National Bank lifts target for Altus Group stock to CAD 55.00

Published on 10/25/2026 at 02:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Altus Group grew Q2 revenue 6.00 percent in the second quarter of 2026. November 5, 2026 is the next results date for Altus Group stock.

Upcoming catalyst and operating metrics

National Bank Financial set a CAD 55.00 target on October 21, 2026.
Second-quarter revenue grew 6.00 percent and adjusted EBITDA rose 34.00 percent.
Altus Group plans to release third-quarter results on November 5, 2026.

AIF, CA02215R1073, Illustration mit AI erstellt.

Altus Group (CA02215R1073) saw National Bank Financial raise its target from CAD 50.00 to CAD 55.00 on October 21, 2026, according to MarketBeat. The move kept a sector perform rating and put the target below the reported consensus of CAD 56.26.

Q2 metrics set the baseline

In the second quarter ended June 30, 2026, revenue increased 6.00 percent, adjusted EBITDA advanced 34.00 percent, and adjusted earnings per share rose 36.00 percent, Benzinga reported on October 13, 2026. Management also raised full-year organic constant-currency revenue growth guidance to 5.25 percent to 7.25 percent and lifted its adjusted EBITDA margin expansion outlook to 510 to 610 basis points.

The same call showed why analysts are weighing operating leverage alongside growth. Software annual recurring revenue increased 10.40 percent to CAD 206.80 million in the second quarter, while net revenue retention reached 106.90 percent. The company also said it had returned approximately CAD 450 million to shareholders year to date and reduced its share count by roughly 20 percent to 34.70 million shares.

Three dated developments

On August 6, 2026, Altus Group reported second-quarter adjusted earnings per share of CAD 0.53 and quarterly revenue of CAD 112.67 million, according to Benzinga. On October 5, 2026, Altus Group announced ISO/IEC 42001 certification for its artificial intelligence management systems through its investor-relations release. On October 21, 2026, National Bank Financial raised its target from CAD 50.00 to CAD 55.00 while keeping its sector perform rating, as MarketBeat reported.

What date comes next?

Altus Group plans to release results for the third quarter ended September 30, 2026, after market close on November 5, 2026, with a conference call at 5:00 p.m. ET, according to Morningstar. Management is also scheduled to attend an RBC Capital Markets technology conference on November 17, 2026.

Toronto valuation and next catalyst

Altus Group was last at CAD 50.35 on the Toronto Stock Exchange on October 23, 2026 at 4:00 p.m. ET, while its 52-week range was CAD 36.97 to CAD 58.78 and its market capitalization was CAD 1.7 billion. The November report will test whether the 6.00 percent second-quarter revenue growth and 34.00 percent adjusted EBITDA increase can support the higher analyst target.

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