Barclays analyst Raimo Lenschow maintained a Sell rating on The Descartes Systems Group (DSGX – Research Report) today and set a price target of $75.00. The company’s shares closed last Friday at $86.66.
Lenschow covers the Technology sector, focusing on stocks such as Couchbase, Pegasystems, and Teradata. According to TipRanks, Lenschow has an average return of 5.9% and a 53.81% success rate on recommended stocks.
Currently, the analyst consensus on The Descartes Systems Group is a Moderate Buy with an average price target of $85.40.
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The company has a one-year high of $92.86 and a one-year low of $69.59. Currently, The Descartes Systems Group has an average volume of 170.3K.
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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:
- Arctic Glacier Enhances North American Distribution Performance with Descartes Strategic Route Planning Solution
- Descartes Sets Date to Announce Fiscal 2024 Fourth Quarter and Year-End Financial Results
- Descartes’ Study Reveals 76% of Supply Chain and Logistics Operations are Experiencing Notable Workforce Shortages
- PBO Logistics Expands Business Using Descartes’ Last Mile Delivery Solution
- Descartes Systems helps PBO Logistics to expand its business
