StandardAero

SARO · NYSE

$21.43+$0.06 (+0.28%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $21.37

SARO analyst rating

BuyConsensus of 10 analysts over the last 12 months. 60% rate it a buy.

Strong buy0
Buy6
Hold4
Underperform0
Sell0

12-month price target · 16 analysts

Average $34.67 (+61.8% upside)

Low: $25.25
Now: $21.43
High: $44.95

Upgrades and downgrades

The latest rating actions, newest first

SARO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 1, 2026	Maintains	Positive	$37.00 → $34.00	56%
B of A Securities	Sep 17, 2026	Maintains	Neutral	$35.00 → $27.00	57%
Guggenheim	Sep 15, 2026	Initiates	Neutral	—	71%
JP Morgan	Aug 10, 2026	Maintains	Overweight	$38.00 → $40.00	63%
UBS	Aug 7, 2026	Maintains	Buy	$35.00 → $36.00	49%
Jefferies	Jun 2, 2026	Downgrade	Buy → Hold	$34.00 → $30.00	55%
Morgan Stanley	May 12, 2026	Maintains	Equal-Weight	$35.00 → $34.00	61%
Susquehanna	May 11, 2026	Maintains	Positive	$40.00 → $37.00	56%
UBS	May 11, 2026	Upgrade	Neutral → Buy	$35.00 → $34.00	49%
RBC Capital	May 1, 2026	Maintains	Outperform	$37.00 → $34.00	59%

The case for and against

Updated Oct 21, 2026

Bull case

StandardAero is attractive because its engine-aftermarket franchise combines scarce OEM authorizations, long-term contract visibility, and leadership positions on most engine platforms, with about 77% of revenue tied to long-term agreements and roughly 80% of Engine Services revenue from a #1 or #2 market position. Its LEAP opportunity is especially compelling, as it is the only independent LEAP CBSA license holder in the Americas, with management targeting about $1B of annual LEAP revenue by end-2029 to 2030 and a lifetime opportunity estimated at up to ~$60B. Profitability should also expand as learning-curve gains, pass-through revenue removal of roughly $300M–$400M in FY2026, and insourcing lift margins, while 2026E guidance of $6.375B–$6.500B and record 14.4% adj. EBITDA margin underscore solid execution.

Bear case

StandardAero is facing a negative fundamental setup because weakening global aviation travel metrics could pressure engine utilization and airline maintenance spending, with the higher-margin CRS segment especially vulnerable to shifts in repair demand. Despite strong OEM-authorized positions on platforms like CF34, CFM-56, and LEAP, the company remains exposed to counterparty concentration, labor and capacity ramp inefficiencies, and a recent 270 bps CRS margin decline to 26.3%. Near-term estimates have been cut into the 1Q26 print, including a modeled ~1.5% CRS revenue decline, ~200 bps lower adjusted EBITDA assumptions, and potentially ~2x 1H25 free cash flow use due to inventory ramp.

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