Canaccord Genuity Reiterates a 'Buy' on Descartes (DSGX); Analyst Day Highlights Product Momentum - Hints at Growth Upside
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Price: $78.21 +0.49%
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Descartes (NASDAQ: DSGX) price target of $10.00.
Canaccord analyst, Richard Davis, said, "Descartes held its once-every-two-years analyst day in New York City yesterday. Not only has the firm not seen a recession/depression-induced deceleration in global trade flows, but in fact it is experiencing an uptick in queries from potential customers looking to automate and save money in their logistics systems. While there are never guarantees that interest and pilots turn into something bigger, we spoke with people whose firms could add a percent or more to total revenues with just a single starter purchase order. For those who can buy a thin trader, we believe Descartes is quite attractive. For those who need more liquidity, we hope that a higher stock price, over time, will bring out some volume from existing shareholders."
For more ratings news on Descartes click here and for the rating history of Descartes click here.
Shares of Descartes closed at $5.75 yesterday.
Canaccord analyst, Richard Davis, said, "Descartes held its once-every-two-years analyst day in New York City yesterday. Not only has the firm not seen a recession/depression-induced deceleration in global trade flows, but in fact it is experiencing an uptick in queries from potential customers looking to automate and save money in their logistics systems. While there are never guarantees that interest and pilots turn into something bigger, we spoke with people whose firms could add a percent or more to total revenues with just a single starter purchase order. For those who can buy a thin trader, we believe Descartes is quite attractive. For those who need more liquidity, we hope that a higher stock price, over time, will bring out some volume from existing shareholders."
For more ratings news on Descartes click here and for the rating history of Descartes click here.
Shares of Descartes closed at $5.75 yesterday.
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