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Bullboard - Stock Discussion Forum Kinaxis Inc KXSCF


Primary Symbol: T.KXS

Kinaxis Inc. is a Canada-based company that is engaged in the design, development, marketing and sale of supply chain management software and solutions. The Company provides cloud-based subscription software that enables its customers to improve analysis and decision-making across their supply chain operations. The Company's cloud-based supply chain management platform is RapidResponse. Its... see more

TSX:KXS - Post Discussion

Kinaxis Inc > One of Canaccord's Top Picks for 2021
View:
Post by ace1mccoy on Dec 21, 2020 8:19am

One of Canaccord's Top Picks for 2021

Ottawa-based Kinaxis Inc. (

KXS-T -2.81%decrease
 
) is a cloud-based supply chain management software provider.

 

The share price has been under pressure. On Dec. 14, Blue Yonder Group Inc. announced that it filed a lawsuit against Kinaxis for patent infringement. In addition, the share price plunged after the company released its third-quarter results.

With a target price of $250, analysts Robert Young and Richard Davis have a positive outlook on the stock despite the recent challenges, “Kinaxis shares are down approximately 20 per cent since its Q3 [third-quarter] results, due to a customer non-renewal. Investor concern on COVID-induced contract delays and potential for non-renewals, and the optics of weaker subscription term (on-premise customers) in 2021, together become a tailwind in 2022 as three-year contracts renew.”

Comment by ghostzapper on Dec 21, 2020 6:55pm
It sure is a voliatile stock. 
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