Beacon Securities analyst Doug Cooper maintained a “Buy” rating and $5.00 target for NTG Clarity Networks (NTG Clarity Networks Stock Quote, Chart, News, Analysts, Financials TSXV:NCI) in an Aug. 28 report following the company’s second-quarter fiscal 2025 results, saying the company has the infrastructure in place to drive toward $100-million in annual revenue. NTG, a […]

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Research Capital analyst Andre Uddin lowered his target price for NervGen Pharma (NervGen Pharma Stock Quote, Chart, News, Analysts, Financials TSXV:NGEN) to $7.70 from $12.00 in an Aug. 26 report while maintaining a “Speculative Buy” rating, citing a more conservative valuation approach despite continued optimism about its lead drug candidate. Vancouver-based NervGen is developing NVG-291, […]

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Research Capital analyst Andre Uddin maintained a “Speculative buy” rating and C$0.70 target price on Theralase Technologies (Theralase Technologies Stock Quote, Chart, News, Analysts, Financials TSXV:TLT) in an Aug. 27 update, highlighting positive clinical data but warning about the company’s limited cash position. Toronto-based Theralase is developing Ruvidar, a photodynamic compound for the treatment of […]

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Paradigm Capital analyst Daniel Rosenberg reiterated a “Buy” rating and C$1.50 target price on Sabio Holdings (Sabio Holdings Stock Quote, Chart, News, Analysts, Financials TSXV:SBIO) in an Aug. 27 report, saying the company is proving out its differentiation in connected TV while positioning for strong growth in 2026. Los Angeles-based Sabio provides advertising technology solutions […]

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National Bank Financial Capital Markets analyst Gabriel Dechaine cut his target for EQB (EQB Stock Quote, Chart, News, Analysts, Financials TSX:EQB) to $89 from $104 while maintaining a “Sector Perform” rating in an Aug. 28 note, citing a weak third-quarter performance and downbeat guidance for the rest of the year. EQB, a Canadian digital financial […]

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Roth Capital Markets analyst Scott Searle maintained a “Buy” rating and $8.00 target for Lantronix (Lantronix Stock Quote, Chart, News, Analysts, Financials NASDAQ:LTRX) in an Aug. 28 report, saying the company is well-positioned to benefit from emerging edge AI trends. Lantronix reported fiscal fourth-quarter 2025 revenue of $28.8-million, down 41% year over year but up […]

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Beacon Securities analyst Gabriel Leung maintained a “Buy” rating and C$2.25 target price for Avante (Avante Stock Quote, Chart, News, Analysts, Financials TSXV:XX) in an Aug. 27 report after the company posted first-quarter fiscal 2025 results. Avante, which provides security and safety solutions, reported revenue of $8.7-million and Adjusted EBITDA of $360,000 for the quarter […]

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Roth Capital Markets analyst Darren Aftahi raised his 12-month price target for Hut 8 (Hut 8 Stock Quote, Chart, News, Analysts, Financials NASDAQ:HUT) to $31.00 while maintaining a “Buy” rating in an Aug. 26 report, citing new U.S. capacity developments that could more than double the company’s total power. Roth initiated coverage on June 5 […]

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RBC Capital Markets says artificial intelligence is reshaping Canada’s technology sector, with adoption accelerating across industries and positioning the country to play a larger role in global innovation. In an Aug. 26 report following its Canadian Private Technology Conference, RBC highlighted five themes driving the sector: enterprise AI as a strategic growth driver, proprietary data […]

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According to MarketBeat, Vanguard Group boosted its stake in BlackBerry (BlackBerry Stock Quote, Chart, News, Analysts, Financials NYSE:BB) by 1.0% in the first quarter, holding 23,084,515 shares worth $86.9-million at quarter-end. That position represented about 3.87% of the company. Other institutional investors also adjusted their holdings. Mackenzie Financial Corp grew its position by 6.7% to […]

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Roth Capital Markets analyst Darren Aftahi reiterated a “Buy” rating and C$0.85 target for DMG Blockchain Solutions (DMG Blockchain Solutions Stock Quote, Chart, News, Analysts, Financials TSXV:DMGI) in an Aug. 26 report, pointing to the company’s positioning in sovereign AI infrastructure. Vancouver-based DMG is a Canadian data centre operator and blockchain platform focused on Bitcoin […]

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Roth Capital Markets analyst Darren Aftahi raised his price target for HIVE Digital Technologies  (HIVE Digital Technologies Stock Quote, Chart, News, Analysts, Financials NASDAQ:HIVE) to $7.50 from $6.00 while maintaining a “Buy” rating in an Aug. 25 report, citing the company’s new AI partnership with Bell Canada and stronger visibility in high-performance computing. HIVE’s subsidiary […]

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Purpose Investments portfolio manager Nick Mersch named Cloudflare  (Cloudflare Stock Quote, Chart, News, Analysts, Financials NYSE:NET) as a top pick during an appearance on BNN Bloomberg’s Market Call on Aug. 21, citing the company’s infrastructure role in the growing AI economy. “Cloudflare started off as what’s called a content delivery network (CDN), essentially helping move […]

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Paradigm Capital analyst Scott McAuley said in an Aug. 25 note that Spectral Medical (Spectral Medical Stock Quote, Chart, News, Analysts, Financials TSX:EDT) is undergoing “a fundamental re-rating of the stock, making for an immediately actionable entry point for investors.” The company announced it has received a US$3-million payment under its promissory note agreement with […]

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ATB Capital Markets analyst Martin Toner maintained an “Outperform” rating and $10.00 target for Blackline Safety (Blackline Safety Stock Quote, Chart, News, Analysts, Financials TSX:BLN) in an Aug. 21  note after the company announced its first purchase order under a multi-year agreement with Abu Dhabi National Oil Company (ADNOC). The initial order is for 1,000 […]

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Editor’s note: This piece is the first in a series of insights from SmallCap Discoveries. As we have moved into our decade-and-a-half journey with Cantech Letter, we have found that analysis of small and microcap stocks has become increasingly rare in Canada. Filling this void admirably has been SmallCap Discoveries, which is the name for […]

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Research Capital analyst Andre Uddin maintained a “Buy” rating and $3.75 target for Covalon Technologies (Covalon Technologies Ltd. Stock Quote, Chart, News, Analysts, Financials TSXV:COV) in an Aug. 21 update following the company’s fiscal third-quarter results. He said Covalon “remains a decent GARP (growth at a reasonable price) play.” Covalon, a Mississauga-based medical device maker […]

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Beacon Securities analyst Russell Stanley maintained a “Buy” rating and $1.50 target for Atlas Engineered Products (Atlas Engineered Products Stock Quote, Chart, News, Analysts, Financials CSE:AEP) in an Aug. 22 report ahead of second-quarter results, scheduled for release Aug. 29 before market open. Stanley is forecasting revenue of $14.1-million and Adjusted EBITDA of $2.2-million, compared […]

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Desjardins Securities analyst Benoit Poirier raised his target on Kraken Robotics  (Kraken Stock Quote, Chart, News, Analysts, Financials TSXV:PNG) to $5.00 from $4.00 in an Aug. 21 note, while maintaining a “Buy” rating. He said the move reflects confidence in long-term growth drivers such as battery contracts, even as near-term guidance and results present challenges. […]

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Roth Capital Markets analyst Bill Kirk maintained his “Buy” rating and US$108 target price on Walmart (Walmart Stock Quote, Chart, News, Analysts, Financials NYSE:WMT) in an Aug. 22 report, saying that while second-quarter earnings missed expectations, he sees earnings upside reemerging as soon as the third quarter. “Walmart delivered a comp sales beat, but missed […]

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