The Globe and Mail reports in its Friday, April 19, edition that BMO Capital Markets analyst Thanos Moschopoulos has reaffirmed his "outperform" recommendation for Copperleaf Technologies. The Globe's David Leeder writes in the Eye On Equities column that Mr. Moschopoulos boosted his share target to $9 from $8. Analysts on average target the shares at $7.83. Mr. Moschopoulos says in a note: "Copperleaf had a long history of profitability prior to its IPO, and returning to profitability is a key objective. Incremental hiring will be focused on revenue-generating roles (e.g., quota-carrying sales and billable consultants), while R&D/G&A hiring will be constrained through FY24/25. Copperleaf believes it's well-positioned to scale given the structural elements and leadership, with global coverage, that it already has in place. Copperleaf deal mix has shifted to SAAS [software as a service] vs. perpetual license more rapidly than expected; the vast majority of new deals are now under a SAAS model. We believe SAAS is slated to represent 64 per cent of FY2024E revenue, up from 45 per cent in FY2021. In our view, the mix improvement hasn't been adequately reflected in the stock's multiple."