The Globe and Mail reports in its Tuesday, Nov. 28, edition that Echelon Partners analyst Amr Ezzat rates TECSYS "buy" in new coverage. The Globe's David Leeder writes that Mr. Ezzat set a share target of $45. Analysts on average target the shares at $46.40. Mr. Ezzat believes TECSYS's sales and earnings momentum is "underappreciated" by investors. He says TECSYS is "undergoing a significant change as it continues to shift away from an on-premise model to a SAAS [software as a service] model." Mr. Ezzat says in a note: "Revenues have seen consistent annual double-digit growth since F2020, up from the previous anemic organic growth profile, highlighting the company's ability to capture market share and continue to expand its customer base. The surge in sales velocity can be attributed to the vulnerabilities in global supply chains that were exacerbated by the COVID-19 pandemic. This has heightened the demand for comprehensive, end-to-end integrated SAAS supply chain solutions. All fundamentals point to sustained momentum going forward." The Globe reported on Sept. 1 that Mr. Ezzat, when he was at iA Capital Markets, rated TECSYS "buy" with a $45 share target. The shares could then be had for $22.01.