Further to Possibleidiot01's post TCS stock earns “Top Pick” status at Echelon
In a research update to clients January 9, Ezzat said TCS is among the very best companies a Canadian tech investor could discover.
“We are anointing Tecsys as a top pick,” the analyst said. “Tecsys has ended the quarter 17.7% higher, yet the shares still continue to trade ~51% lower than February 2021’s all-time high as margins compressed (13.2% EBITDA margin in F2021 vs. 6.2% in F2023) and tech sector valuation levels deflated from the COVID hysteria period. As we detail below, we believe this presents an opportunity to accumulate shares in a company with exceptional earnings growth.”
Ezzat Tuesday maintained his “Buy” rating and price target of $45.00 on TCS, implying a return of 44.9 per cent at the time of publication.
https://www.cantechletter.com/2024/01/tcs-stock-earns-top-pick-status-at-echelon/