In a report released today, Paul Treiber from RBC Capital maintained a Buy rating on The Descartes Systems Group (DSGX – Research Report), with a price target of $100.00. The company’s shares closed yesterday at $80.82.
Treiber covers the Technology sector, focusing on stocks such as Open Text, Shopify, and BlackBerry. According to TipRanks, Treiber has an average return of 13.4% and a 67.54% success rate on recommended stocks.
The Descartes Systems Group has an analyst consensus of Strong Buy, with a price target consensus of $93.33, a 15.48% upside from current levels. In a report released on November 28, Scotiabank also maintained a Buy rating on the stock with a $86.00 price target.
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DSGX market cap is currently $6.94B and has a P/E ratio of 61.82.
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The Descartes Systems Group (DSGX) Company Description:
The Descartes Systems Group, Inc. engages in the provision of logistics technology solutions. It specializes in cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and leverage global trade and restricted party data; file customers and security documents for imports and exports; research and perform trade tariff and duty calculations; and other logistics processes. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.
Read More on DSGX:
- Dachser Streamlines Ocean Shipment Booking with Integration Between Hapag-Lloyd Spot Rates and Descartes Rate Management Solution
- AkkuShop.de Achieves 300% Increase in Fulfillment Efficiency with Descartes Ecommerce Warehouse Management Solution
- Descartes Systems: AkkuShop.de achieves 300% increase in fulfillment efficiency
- Descartes Sets Date to Announce Third Quarter Fiscal 2024 Financial Results
- Spacepro Improves Access Rates and Customer Interaction for Service Appointments using Descartes Customer Engagement Solution
