RBC Capital Reiterates Outperform Rating on Descartes (DSGX) on Organic Growth

RBC Capital analyst Paul Treiber reiterated an Outperform rating and $133.00 price target on Descartes (NASDAQ: DSGX).

The analyst said: "Q3 was slightly ahead of consensus due to contribution from recent acquisitions. Q4 baseline appears conservative, but still suggests actuals above consensus due to M&A and as organic growth is sustained above historical averages. Maintain Outperform, as Descartes is well positioned to continue to compound capital through acquisitions and organic growth."

For an analyst ratings summary and ratings history on Descartes click here. For more ratings news on Descartes click here.

Shares of Descartes closed at $116.02 yesterday.

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