Citigroup Cuts Mirion Technologies (NYSE:MIR) Price Target to $24.00

Posted by Francis Steltz on Aug 2nd, 2026

Mirion Technologies (NYSE:MIR – Free Report) had its target price reduced by Citigroup from $28.00 to $24.00 in a research report released on Thursday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a report on Wednesday. B. Riley Financial lowered their price objective on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings cut Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. Finally, Morgan Stanley cut their target price on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and an average target price of $26.25.

Check Out Our Latest Report on MIR

Mirion Technologies Stock Performance

Shares of MIR opened at $14.99 on Thursday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 149.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.63 and a current ratio of 3.20. Mirion Technologies has a 1 year low of $14.11 and a 1 year high of $30.28. The company’s fifty day moving average is $17.09 and its two-hundred day moving average is $19.72.

Mirion Technologies (NYSE:MIR – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, sell-side analysts predict that Mirion Technologies will post 0.54 earnings per share for the current year.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the transaction, the chief accounting officer owned 22,157 shares in the company, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after purchasing an additional 3,092,136 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in Mirion Technologies in the first quarter valued at $49,261,000. TCW Group Inc. purchased a new position in shares of Mirion Technologies in the fourth quarter valued at $57,439,000. Invesco Ltd. increased its position in shares of Mirion Technologies by 713.2% in the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after buying an additional 2,295,414 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Mirion Technologies by 126.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,076,945 shares of the company’s stock worth $72,062,000 after buying an additional 1,716,020 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Mirion Technologies

Here are the key news stories impacting Mirion Technologies this week:

Positive Sentiment: Mirion maintained its 2026 outlook and expects second-half organic revenue growth of approximately 7.5% to 11.2%, alongside adjusted EBITDA margins of 27% to 29%. This indicates management still expects solid underlying growth and profitability improvement. Mirion maintains 2026 outlook
Positive Sentiment: Citigroup lowered its price target to $24 from $28 but retained a “buy” rating, implying substantial upside from the current trading level. B. Riley likewise maintained a “buy” rating while reducing its target to $27 from $29. Citigroup price target update
Neutral Sentiment: Mirion’s latest quarterly results showed adjusted earnings of $0.12 per share, ahead of the $0.10 consensus estimate, while revenue rose 19.7% year over year to $266.8 million but fell slightly short of expectations. The mixed results highlight strong growth but limited near-term execution upside. Mirion Q2 2026 earnings call summary
Negative Sentiment: Northland Securities reduced its Q3 2026 EPS estimate to $0.12 from $0.14 and lowered its FY2027 forecast to $0.71 from $0.72. Although the cuts are modest, they signal softer expectations for near-term earnings growth and may contribute to selling pressure.

About Mirion Technologies

(Get Free Report)

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.