Canadian Tech Stocks

CGI likely to remain active on the M&A front, Canaccord Genuity says

A $300-million stock buyback isn’t likely to dampen the enthusiasm of CGI Group (TSX:GIB.A, NYSE:GIB) for acquisitions, says Canaccord Genuity analyst Robert Young. On Thursday, CGI Group announced it intends to repurchase 4.85-million of its shares held by Caisse de depot, which would be left w ...

Solium Capital gets “outperform” rating as National Bank Financial launches coverage

Solium Capital CEO Mike Broadfoot. Solium Capital (TSX:SUM) is a tech that should be on investors’ radar, National Bank Financial analyst Richard Tse says. In a research report to clients today, Tse initiated coverage of Solium Capital with an “Outperform” rating and one-year price target ...

Artificial Intelligence and its Impact on Canadian Enterprise Software Vendors

Editors note: The following special feature is brought to you courtesy Industrial Alliance Securities and analyst Blair Abernethy. It will run in multiple parts over the next two weeks in Cantech Letter. In various forms, Artificial Intelligence has been around for decades, but as a sub-sector of ...

OpenText gets price target raise at Industrial Alliance

OpenText CEO Mark Barrenechea. A recently closed acquisition has Industrial Alliance Securities analyst Blair Abernethy tweaking his estimates on OpenText (TSX, Nasdaq: OTEX). This morning, OpenText announced it had closed the previously announced $240-million acquisition of cybersecurity firm Gu ...

Value oriented investors should consider AcuityAds: Echelon Wealth

After revising its guidance downward early this week, shares of AcuityAds (TSXV:AT) have tumbled. But for investors with a longer term investment horizon this development may be the window of opportunity they needed, says Echelon Wealth Partners analyst Rob Goff. On Monday, AcuityAds announced tha ...

Paradigm lowers price target on AcuityAds, maintains buy rating

He still thinks AcuityAds (TSXV:AT) is a great way for investors to play the adtech space, but in light of recent guidance revisions Paradigm Capital analyst Kevin Krishnaratne thinks it will take the company longer to get to where it’s going. On Monday, AcuityAds issued a press release in which ...

23 top tips for successfully investing in TSX growth stocks

TSX growth stocks can be more volatile—but they can make excellent long-term investments. By definition, TSX growth stocks are companies on the Toronto Stock Exchange that have above-average growth prospects. They are firms whose earnings growth has been—or is projected to be—above the market ...

23 top tips for successfully investing in TSX growth stocks

TSX growth stocks can be more volatile—but they can make excellent long-term investments. By definition, TSX growth stocks are companies on the Toronto Stock Exchange that have above-average growth prospects. They are firms whose earnings growth has been—or is projected to be—above the market ...

The selloff of AcuityAds in an overreaction, Haywood says

AcuityAds CEO Tal Hayek. After AcuityAds (TSXV:AT) this morning cut its revenue expectations for 2017, Haywood analyst Pardeep Sangha has lowered his price target on the stock. But the analyst says the sharp selloff in the company’s shares is largely unwarranted. This morning, AcuityAds announc ...