The Globe and Mail reports in its Friday, March 8, edition that Raymond James analyst Steven Li continues to rank Constellation Software "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Li's share target soared to $3,800 from $3,150. Analysts on average target the shares at $3,811.88.
Mr. Li says in a note: "Solid Q4. Altera (largest Constellation acquisition) returned to positive organic growth helped by licenses, while Lumine slipped into negative territory. M&A pace continues to track well ahead of last year's." The Globe reported on March 31, 2023, that Mr. Li was sticking with his "market perform" recommendation for Constellation Software. The shares could then be had for $2,540.91. The Globe reported on Jan. 25, 2024, that RBC Dominion Securities analysts Paul Treiber and Maxim Matushansky had reaffirmed their "outperform" recommendation for Constellation when it could be had for $3,657.15.
© 2024 Canjex Publishing Ltd. All rights reserved.