The Globe and Mail reports in its Friday, Sept. 6, edition that Ventum Capital Markets analyst Amr Ezzat sees Blackline Safety's "relentless focus" on product development driving "superior growth." The Globe's David Leeder writes that Mr. Ezzat has resumed coverage on Blackline Safety with a "buy" recommendation. Mr. Ezzat set a 12-month share target of $6.50, equating to a 41.3-per-cent return from current levels. Analysts on average target the shares at $6.06. Mr. Ezzat says in a note: "Blackline Safety has consistently reinvested around 26 per cent of its sales into product development since fiscal 2014, resulting in a differentiated product line and a three- to five-year technological lead over competitors. This focus on innovation is central to the company's growth strategy. We project a top-line CAGR [compound annual growth rate] of 25.5 per cent over our forecast period through best in class net dollar retention (130 per cent last quarter), significantly outpacing industry growth rates. Blackline has emerged as one of Canada's highest-growth tech companies over the past several years. ... We forecast adjusted EBITDA margins to improve from negative 16.3 per cent in F2023 to 6.2 per cent in F2026."