The Globe and Mail reports in its Friday, Jan. 26, edition that National Bank Financial analyst Richard Tse expects Canadian technology companies to see operating leverage gains during fourth quarter 2023 earnings season from cost efficiency measures taken through the last fiscal year. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tse says, "Given continued uncertainty on the macro backdrop, we believe such operating leverage will be a considerable driver of stock price performance for our group in 2024." In a recent research report Mr. Tse predicted Montreal-based point-of-sale and e-commerce software provider Lightspeed Commerce could surprise investors with its results. He says in a note, "We're expecting strong FQ3 (CQ4) results from Lightspeed based on our view that management's guidance is overly conservative; implying little to no expansion in payment penetration and flat to negative quarter-over-quarter growth in GTV despite solid retail sales data (in the U.S.) in a seasonally stronger quarter." Mr. Tse continues to rate the shares "outperform." He raised his share target to $25 (U.S.) from $20 (U.S.). Analysts on average target the shares at $20.10 (U.S.).