16 of The Most Promising Canadian Tech Stocks

Technology is doing quite well. This one is at a new high. They recently announced an all cash acquisition to broaden their footprint and increase sales. You can't overemphasize new highs. Usually they move to even more new highs. (Analysts’ price target is $91.03) (Hap (Robert) Sneddon FCSI)

A definite lid at around $85 and recently broke through. From a technical perspective that is very bullish. The chart looks pretty good now. (Keith Richards)

(A Top Pick Feb 21/19, Up 3%) A beautiful chart and story. Good performer in the past month with new all-time highs. It's been on a sharp upswing since the start of 2019. Loves it. (Javed Mirza)

It's had a miraculous run, a great Canadian growth story, a superstar. But he's a value investor so it's hard to like their valuation. Maybe take some money off the table, but you can't argue with their success. (Colin Stewart)

It's done great for him for the past 5 years. This is a consolidator--when they buy something, it makes the company stronger, adding a deeper dynamic and profit. DSG is buying more shipping to add to their cross-border processing business. Also, they're expanding geographically, now in Australia. They do 2-3 acqusitions a year. It's become…

Reverse head and shoulders now? The problem is that the second one is lower than the first one. It's trending lower, but at least it has established a support level around $11. (Elliott Fishman)

(A Top Pick Dec 15/17, Up 9%) They had a couple of clients who delayed rolling out their services, but the stock has still done well. He still likes the growth potential. They are sitting on $200 million in cash. (Peter Hodson)

He owns this personally -- a bit speculative for his clients. A play on 5G technology. The growth in the antenna space is great. The outlook is great long term. Small cap. A speculative buy. (Norman Levine)

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% (Robert McWhirter)

(A Top Pick Oct 18/19, Up 4%) Investors are appreciating the steady cash flow. Some day they will be an acquisition target. They have a great niche in the market. They have the ability to grow, although it is not a giant market. (Peter Hodson)

It's had a sideways base since the start of 2019 and is creating a cup and handle pattern. $30 is his target. He likes it here and now and should rise higher. (Javed Mirza)

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.   (Peter Hodson)

It has been disappointing to own, but he still trusts management. Their electronic cellular based tracking systems are getting certified on the various cell networks. They get paid a month monitoring fee. They have a couple of big cellular partners and did a recent capital raise to allow for inventory build up as their demand…

Makes him mad that they don't own it. In the right place in the right time. They sell Enterprise information Management software. It allows the companies to digitize their processes. He would buy it in the high $30s (Kim Bolton)

There had been concerns in the semi-conductor space and the produce very sensitive temperature monitoring devices for semiconductors. They deal with the five big producers around the world. New management has led to increased orders and now cash is growing. The stock is reasonably priced, he thinks. A great company and well managed -- likely…

They are a casino operator. They have won a bunch of contracts in Ontario. It is hard to compete with them because of the restrictions and regulations. They are updating some of the older casinos. There is a nice long term recurring revenue stream. He likes this name. (Ryan Modesto)