William Blair analyst Dylan Becker maintained a Buy rating on The Descartes Systems Group (DSGX – Research Report) today. The company’s shares closed last Thursday at $91.53.
According to TipRanks, Becker is a 4-star analyst with an average return of 9.7% and a 63.75% success rate. Becker covers the Technology sector, focusing on stocks such as Unity Software, Ansys, and Autodesk.
The Descartes Systems Group has an analyst consensus of Moderate Buy, with a price target consensus of $96.00.
Based on The Descartes Systems Group’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $148.23 million and a net profit of $31.84 million. In comparison, last year the company earned a revenue of $125.14 million and had a net profit of $36.24 million
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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.
