The Globe and Mail reports in its Wednesday, March 19, edition that CIBC World Markets analyst Todd Coupland continues to rate Quarterhill "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Mr. Coupland gave his share target a 30-cent trim to $2. Analysts on average target the shares at $2.17. Mr. Coupland says in a note: "Quarterhill's Q4 results came in slightly below FactSet estimates for both revenues and adjusted EBITDA. The company attributed this miss to the timing of revenues received from ongoing projects, which can experience some fluctuations. These trends are contrasted by the company's improving backlog, which reached $495-million in Q4 (vs. $475-million in Q3) and provides visibility into about 80 per cent of its 2025 targeted revenue." The Globe reported on March 19, 2024, that Raymond James analyst Steven Li had reaffirmed his "outperform" recommendation for Quarterhill. The shares could then be had for $1.89.