The Globe and Mail reports in its Tuesday, Jan. 16, edition that Desjardins Securities analyst Jerome Dubreuil is sticking with his "buy" recommendation and $9 share target for Stingray Group. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $7.92. Mr. Dubreuil says in a note: "Stingray's stock has exhibited strong performance since we initiated coverage in mid-September, rising by 19 per cent versus down 2 per cent for its peers. Our positive view of the name is unchanged. We believe this quarter's focus will be on Stingray's advertising revenue growth, and we see no reason to doubt that guidance of 60-per-cent growth for advertising (retail media and FAST channels) will be achieved. This would represent a meaningful acceleration compared with the 35 per cent reported last quarter and provide some indication of the potential we are seeing in the segment." Mr. Dubreuil notes that insiders continue to add to their interests, including a $550,000 purchase from chairman and chief executive officer Mark Pathy in late December, who now owns 20 per cent of company shares, and a $500,000 purchase by chief revenue officer David Purdy.