Copperleaf Technologies Inc Stock Forecast:
Copperleaf Technologies Inc has an average analyst target price of CAD 6.60 over the next 12 months, and the average analyst rating is Strong Buy. However, Stock Target Advisor‘s own analysis is Very Bearish based on 0 positive signals and 6 negative signals. The stock price of Copperleaf Technologies Inc was CAD 6.09 at the last closing, which is a decrease of -2.87% over the past week, an increase of +11.13% over the past month, and a decrease of -74.68% over the last year.
Analysts Coverage Change:
- STA Research Downgrades Copperleaf (CPLF:TSX) to a “Hold” from a “Speculative Buy” rating and maintains a target price of $6 on the company’s stock.
- RBC maintains an “Outperform” rating on Copperleaf Technologies and raises the target price to $8 from $7.
Copperleaf Technologies Inc.:
Copperleaf Technologies Inc. has reported an Annual Recurring Revenue (ARR) of $49.1 million, a YoY increase of 29%. The company also announced that its total revenue had grown 28% YoY to $20.0 million, with subscription revenue of $11.3 million, a YoY increase of 24%. Despite reporting a net loss of $11.8 million, Copperleaf CEO, Paul Sakrzewski, highlighted the company’s “deep sales pipeline, a strong balance sheet, a growing client base, and market leading solution”, which he believes will drive future growth.
Copperleaf has been successful in expanding its market into the ports industry and upstream Oil & Gas with its first oil sands client. The company has also closed its first clients in France and the Middle East. Water remains a key focus for Copperleaf, with Scottish Water selecting Copperleaf H2O to become its ninth water company in the UK, and Sydney Water becoming its first water client in Australia.
Copperleaf has made significant investments in improving scalability, sales effectiveness, and efficiency by establishing a new Global Business Operations function and introducing the Global Growth Office, which brings together Product Management, Industries, Partners, and Value Engineering to better support the global Go-to-Market teams. The company has also signed an Endorsed Apps initiative agreement with SAP, indicating SAP’s recognition of Copperleaf’s industry-leading technology and the value that the combined solutions can deliver to organizations globally.