RE:Great trading Golden Arm , I assume you saw this comment on the PHO site that was posted by retiredcf? Desjardins analyst. Note the USD.
In a research report, Mr. Krishnaratne initiated coverage of the sector with eight companies while resuming coverage of four other stocks.
“We have a positive bias on the IT services sector, with many global systems integrators and technology providers pointing to strength in the back half of 2021” he said. “With cloud adoption at just 20 per cent of enterprise workloads and software at 13 per cent of overall IT spend, we see multiple years of growth for IT service providers and technology enablers. Within media tech, we see opportunities related to the digitization of the ad industry as consumers seek content anytime, anyplace, and increasingly on mobile. Global advertising looks poised to rebound in 2021 on the economic recovery, which we believe can be a positive driver for related stocks. E-commerce & payments is another area where we see opportunities for upside, even as global economies reopen. While we recognize that online shopping trends may normalize as lockdowns ease, the shift toward omnichannel retail, where commerce is enabled everywhere, is here to stay, with brick-and-mortar businesses increasingly leveraging technology such as commerce platforms and payments processing/point-of-sale solutions.”
Mr. Krishnaratne gave “buy” ratings to 11 of the 12 stocks in his coverage universe. They are:
* Absolute Software Corp. with a US$20 target. The average on the Street is US$18.75.