TD Securities has raised its rating on Topicus.com (TOITF, Financial) from Hold to Buy, setting a new price target of C$170, increased from the prior C$156. The decision comes as Topicus.com shares have declined to levels that do not align with the company's robust and enhancing business performance.
The analyst highlighted Topicus.com's strong potential to deliver significant shareholder returns over the long term. This optimistic outlook is underpinned by the company’s strategic capabilities and a defensive business model that positions it well for sustained growth. Investors are advised that the stock is expected to perform strongly, reflecting these fundamental strengths.
