The Globe and Mail reports in its Friday, March 8, edition that RBC Dominion Securities analyst Paul Treiber has reaffirmed his "outperform" recommendation for Descartes Systems Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber gave his share target a $10 boost to $110 (all figures U.S.). Analysts on average target the shares at $93.60. Mr. Treiber predicts Descartes Systems Group's valuation may rerate higher with its "strengthening" as organic growth is sustained above historical averages. Mr. Treiber says in a note: "Q4 [2023] constant currency organic growth was 9 to 9.5 per cent, up from 8.5 per cent in Q3 and in line with the 9.3 per cent in our model. Q4 is the second consecutive quarter of sequential improvement in organic growth. While Q4 organic growth was just in line with our expectations, Q1 baseline implies organic growth further strengthens to 10 per cent, which is the highest level in 18 months and above the 8 per cent in our prior model. Following Q4, our FY25 organic growth estimates increase slightly to 9 per cent, up from 8 per cent previously and 8 per cent in FY24. ... Management expects a strong pace of M&A in 2024."