The Globe and Mail reports in its Friday, Jan. 23, edition that Stifel analyst Martin Landry has reaffirmed his "hold" recommendation for Guru Energy. The Globe's David Leeder writes that Mr. Landry gave his share target a $2 boost to $6.50. Analysts on average target the shares at $7.98. Mr. Landry says in a note: "Revenues came in at $10-million, up 41 per cent year-over-year, and ahead of our expectations of $8.6-million. The company benefitted from product innovation and new listings in the United States. Retail sales, a better measure of performance given the new distribution structure blurs revenue comparability, increased by 20 per cent year-over-year in both Canada and the United States. Guru also exceeded profitability expectations, posting a positive EBITDA for a second consecutive quarter, partly due to more efficient marketing spending than before. Previously the company had to embark on national campaigns which were not always highly productive. Guru's momentum continued in Q1FY26, and, with successful product innovation, management expect to gain market share. Guru's shares trade at four times forward sales, only half a multiple lower than Celsius, which has faster growth and higher profitability."