Canaccord Genuity Reiterates a 'Buy' on Descartes (DSGX); Takeaways From Management Meeting

Canaccord Genuity reiterates a 'Buy' on Descartes (NASDAQ: DSGX) price target of $11.50.

Analyst, Richard Davis, said, "We recently accompanied the senior management of Descartes around Toronto. We came away incrementally more upbeat about the firm’s long-term prospects. This note highlights our takeaways: 1) Big addressable market; 2) “Small ball” M&A likely to continue, slight chance of something bigger; 3) Capital structure and shareholder base; 4) Fundamentals are strong and improving; and 5) Attractive valuation, if you can get into the stock.

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 $9.00 yesterday.

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