The Globe and Mail reports in its Friday, March 21, edition that RBC Dominion Securities analyst Paul Treiber predicts that investor sentiment toward Canadian technology companies is likely to remain cautious until there is better clarity regarding the overall macroeconomic environment. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber, however, believes that the potential challenges posed by tariff uncertainty are already reflected in the valuations of most stocks within his coverage universe. He says, "While tariffs are unlikely to have a material direct impact on Canadian tech stocks, broader macroeconomic uncertainty may lead some organizations to defer pending IT projects and reduce discretionary IT spending." Mr. Treiber says Constellation Software has a "compelling risk-reward profile." He rates Constellation "outperform," with a $5,700 share target. Analysts on average target the shares at $5,322. Mr. Treiber says in a note, "We see Constellation (stock up 5 per cent year-to-date) as one of the most consistent stocks in our coverage; for 2025, we believe capital deployed on acquisitions is likely to exceed 2024 on a rebound in large acquisitions."