16 of The Most Promising Canadian Tech Stocks
Here are 16 Canadian tech stocks you should consider adding to your portfolio.
Pressure for companies to increase efficiency, and this is achieved through digitization. In the sweet spot of IT outsourcing and consulting. Attractive valuation and free cashflow yield. Phenomenal compounder and allocators of capital, so lack of dividend doesn't bother him. No dividend. (Analysts’ price target is $153.38)
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. TC has struggled now for a couple of years. Sales growth has slowed, and it saw a loss in 2021 and an even bigger loss in 2022. Net debt of $226M is very high vs annualized cash flow. It misses earnings estimate about half the time. Insiders own…
It has done very well but is maybe overdone, so you could trim your position. It is well positioned in the tech sector but he prefers others with more attractive prices.
Over-expanded during pandemic. Partnership with AMZN will help. Valuation still too high despite pullback.
(A Top Pick May 21/20, Up 65%) Really likes this whole segment of e-commerce and logistics. A very clear winner in the space. Lots of acquisitions. Buys intellectual property, brings it in-house, rebrands and sells it. Cross-selling opportunities are pretty phenomenal.
(A Top Pick May 16/23, Up 107.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CLS is progressing well. To be disciplined, we recommend trailing up the stop (from $20) to $26 at this time.
Will continue to do well. Growing really fast. Hit an EPS growth target of 15% every year for the last decade. Really likes the story.
Payout ratio is 56%. Sales are declining by 25% and earnings have fallen by 67%. He would be cautious and would look elsewhere. Yield 13%
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. The stock drifted along under $12 through 2022 to August when it moved up to about $16 which held to the start of November when it fell to its month-end close of $13.24. ABST is a leading provider of self-healing endpoint and secure access solutions.…
(A Top Pick May 29/19, Up 66%) He sold out previously. He liked the 5 year forecast. As we came into late last year some of the volatility in the stock was not what he was interested in so he exited. He believes they will be stronger going forward.
They sold their position due to the inconsistency of their results. He is watching it again, especially now that the momentum is improving. He is not buying yet, but will keep an eye on it.
Asset trackers. New iteration uses cell, not Wi-Fi. Helps cell phone companies boost revenue, as price of phone plans decreases. Before stepping in again, he's looking for a big ramp up in the trajectory of revenue and earnings.
(A Top Pick Oct 11/22, Up 54%) It is involved in the AI space and has been integrating it into their product solutions. It has done well with the tech bounce. He could see a further pullback before getting back into it.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Smaller, cyclical company. Rolling out new products. Share buyback potential. Fortunes tied to semiconductor industry.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Takeover offer. Pandemic hit hard. Solid assets, but re-opening slowed. Healthy balance sheet.