Constellation Software (CSU.TO) Stock Plunges on Founder’s Exit – Analysts See 58% Upside
Constellation Software shares closed at C$3,453.88 on Oct. 29, down 8% for the day and nearly 30% below their 52-week high. Founder Mark Leonard resigned as president in late September for health reasons; Mark Miller was promoted. Q2 revenue rose 15% to US$2.84 billion, but GAAP net income dropped 68% on one-time items. Analysts remain bullish, with an average target of C$5,450.
