The Globe and Mail reports in its Friday, Sept. 6, edition that BMO Capital analyst Thanos Moschopoulos has reaffirmed his "market perform" ranking for Descartes Systems Group. The Globe's David Leeder writes that Mr. Moschopoulos elevated his share target to $104 from $100 (all figures U.S.). Analysts on average target the shares at $103.77.
Mr. Moschopoulos says in a note: "We remain 'market perform' on Descartes Systems Group and have raised our target price following Q2/25 results that were a beat on revenue (helped by hardware sales) and in line on EBITDA (despite a one-time charge). We modestly raise our FY2025/26 EBITDA estimates. We think Descartes can continue to execute successfully on its strategy of delivering consistent EBITDA growth (its recent organic services growth provides us with comfort in that regard), but on a relative basis, prefer other consolidators in our coverage universe." 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. The Globe's guest columnist Gordon Pape recommended buying Descartes on July 17. The shares could then be had for $100.19.
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