latest comment NBF -cantechletter.com Tecsys (Tecsys Stock Quote, Charts, News, Analysts, Financials TSX:TCS)
Rating: Outperform
Target Price: $50.00
Projected Return: 41 per cent
Supply chain management software company Tecsys reported its fiscal fourth quarter in June, so it won’t be releasing its fiscal Q1 until September, but Shao is expecting strong year-over-year growth from the company’s SaaS segment whereas its Professional Services business should remain flat or slightly up. Shao said its an overall positive outlook on Tecsys’ SaaS transition is why he’s staying optimistic on the stock.
“Time has allowed Tecsys to scale and expand its platform into a growing logistics powerhouse within the healthcare vertical. That fortification along with growth initiatives that include strategic and operational investments and acquisitions is putting Tecsys in a position to scale into broader markets. We believe Tecsys is on the cusp of scaling into a bigger company,” Shao wrote.