The Globe and Mail reports in its Thursday edition that RBC analysts Paul Treiber and Maxim Matushansky expect few surprises from fourth quarter 2023 earnings season in Canada's technology sector, predicting most companies they cover will report results that fall in line with the Street's expectations. The Globe's David Leeder writes that the RBC analysts have reaffirmed their "outperform" call and $53 (U.S.) share target for Open Text. The RBC analysts say in a note: "Open Text's Q2 may help continue the upwards rerating in the shares. First, we expect the company to deliver on its target to achieve more than 20-per-cent organic cloud bookings growth in Q2, which would potentially raise confidence that Open Text's organic growth trajectory is improving. Second, we anticipate Q2 at the high end of management's quarterly factors. Third, we expect FCF to rebound in Q2, which would raise visibility to Open Text's improving FCF profile. We believe Open Text's valuation is likely to rise toward its historical average, as organic growth strengthens, leverage declines, and FCF increases. Open Text is trading at 8.8 times NTM [next 12-month] EV/EBITDA, below its pre-acquisition three-year historical average of 12 times."