WELLSTAR Technologies Corp. (WSTR:CA) — RBC Capital markets started coverage on Wellstar’s stock with a Outperform rating, alongside a 12 month target price of C$10.00 per share. WELLSTAR began trading on the TSX Venture Exchange on October 1 under WSTR, establishing a separate listed platform for its digital healthcare solutions. Looking ahead, investors will be watching recurring software revenue, customer retention and the profitability of new product adoption. Acquisition execution, cash conversion and trading liquidity will be important as the company builds its record as a newly listed business.
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