20:16:20 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



Descartes Systems Group Inc (The)
Symbol DSG
Shares Issued 85,308,474
Close 2024-05-31 C$ 125.86
Market Cap C$ 10,736,924,538
Recent Sedar Documents

Globe says Descartes Systems kept at "market perform"

2024-05-31 08:23 ET - In the News

The Globe and Mail reports in its Friday, May 31, edition that BMO analyst Thanos Moschopoulos has reaffirmed his "market perform" recommendation for Descartes Systems Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Moschopoulos's share target soared $16 to $100 (all figures U.S.). Analysts on average target the shares at $101.22. Mr. Moschopoulos says in a note: "We remain 'market perform' on Descartes Systems Group following Q1/25 results that were roughly in line for both the quarter and Q2/25 calibration. We've modestly raised our FY2025/2026 EBITDA estimates. We think Descartes can continue to execute successfully on its strategy of delivering consistent EBITDA growth (its recent organic services growth, over the last several quarters, provides us with comfort in that regard) but on a relative basis prefer other consolidators in our coverage universe." The Globe reported on April 2 that Canaccord Genuity analyst Robert Young had reaffirmed his "buy" recommendation for Descartes. It was then worth $90.84. The Globe reported on May 24 that RBC Dominion Securities analyst Paul Treiber had reaffirmed his "outperform" recommendation for Descartes. The shares could then be had for $100.23.

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