The TSX/S&P 500 Composite Index ended 2024 at 24,727.90, representing an 18% overall gain. Canada’s primary stock index beat the +8.12% return in 2023. Information technology was the top-performing sector for the second consecutive year.
While tech stocks collectively delivered solid gains, some were oversold and underperformed. Sylogist (TSX:SYZ) delivered lower-than-expected returns but is poised to stage a comeback in 2025. Market analysts’ 12-month average price target for this TSX stock is $13.33 (a +53.4% upside). The potential return is slightly higher, including the 0.46% dividend yield.
Business overview
Sylogist is a $203.4 million Software-as-a-Service (SaaS) company focused on the public sector. With Microsoft Cloud as a partner, this Canadian firm provides technology and solutions to help tribal governments, non-profits, and research institutes improve governance and service delivery.
The partnership with…
