The Globe and Mail reports in its Wednesday, Sept. 2, edition that ATB Cormark Capital Markets analyst Martin Toner has reaffirmed his "speculative buy" recommendation for Zoomd Technology. The Globe's David Leeder writes that Mr. Toner slashed his share target by 50 cents to $1.50. Analysts on average target the shares at $2. Mr. Toner says in a note: "Zoomd Technologies reported Q2/26 financial results highlighted by a beat against ATB estimates across profitability metrics and a revenue miss, $7.7-million (vs. ATB's $7.6-million/consensus $8.4-million). Gross margin reached 42.8 per cent and adjusted EBITDA printed at , as prior cost realignment measures, including headcount adjustments and internal process automation, helped lower the company's operating expense baseline. Sequential revenue growth was supported by increased activity from a key client alongside continued customer diversification, while a cash balance of $22.6-million with no bank debt provides financial flexibility and supports ongoing repurchases under the NCIB. After Q2 results we are less confident about the World Cup's impact on Q3 and the likelihood of Zoomd's largest customer returning, and we reduce our estimates through 2034."