The Globe and Mail reports in its Tuesday, Dec. 16, edition that CIBC World Markets analyst Stephanie Price says she sees valuations for Canadian software companies as "attractive" after a year of weakness. The Globe's David Leeder writes in the Eye On Equities column that Ms. Price has named Constellation Software one of her top picks for 2026. She continues to rate Constellation "outperformer." She cut her share target to $5,260 from $5,480. Analysts on average target the shares at $4,997.14. Ms. Price says in a note: "We see Constellation as attractively valued at these levels. It had a rare down year in 2025 after the retirement of Mark Leonard for health reasons, with investors also concerned about AI disruption and slower M&A deployment. We view slower M&A deployment in 2025 as a function of the large deal pipeline, which can be lumpy. Constellation has a solid pipeline of deals and we forecast $2.3-billion in free cash flow available to shareholders (FCFA2S) in 2026. We expect that recent AI-related concerns potentially improve the valuation environment, especially for smaller vertical market software firms. We see limited potential for AI disruption given Constellation's diversified business model."