The Globe and Mail reports in its Tuesday, March 10, edition that Canaccord Genuity analyst Robert Young has lowered his recommendation for Thinkific Labs to "hold" from "speculative buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Young slashed his share target by $2.25 to $2. Analysts on average target the shares at $2.17. Mr. Young says in a note: "Thinkific delivered Q4 results broadly in line with expectations as the company continues to execute its strategic transition toward upmarket, higher-value enterprise customers. Revenue grew 6 per cent year-over-year in Q4, driven by 13 per cent in commerce and 5 per cent in subscription. Plus segment revenue grew 17 per cent year-over-year to $5-million, consistent with Q3 and still light of the 30-per-cent target. Management highlighted continued traction in its upmarket go-to-market strategy, although the longer sales and implementation cycles of larger contracts are expected to delay the revenue impact until H2/26. At the same time, Thinkific is also accelerating its AI roadmap and has recently launched its new AI teaching assistant, Thinker. In the near-term, the company expects margin pressure from incremental R&D investments in AI."