Coveo Solutions Inc T.CVO

Alternate Symbol(s): CVOSF

Technology Software - Application

Coveo Solutions Inc. is Canada-based company. Its software-as-a-Service (SaaS) artificial intelligence (AI) platform and suite of AI and generative AI models are designed to transform digital experiences across commerce, service, website, and workplace applications. Its AI platform connects to internal sources of content along with a variety of external sources to retrieve and index structured and unstructured content and combines this content with click-stream events and behavior patterns. The platform helps to determine what users are looking for in real-time, and learns which content delivers optimal outcomes based on a deep understanding of what worked best for others. As more data accumulates, the platform learns to better predict each user's needs, and then automatically recommends personalized content. Its Coveo Relevance Generative Answering capability integrates LLM technology with its platform to feed generative AI with a common, secured unified index and real-time content.

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Coveo Solutions Inc > Is it time? No

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Post by templetooth2on Dec 04, 2024 1:53pm

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Post# 36345609

Is it time? No

"Generative-AI search software vendor Coveo is challenged by increasing budget scrutiny with existing enterprise customers, coupled with increasing competition from start-ups and incumbent software vendors," Bank of America analyst Koji Ikeda wrote in a note to clients. "We think management is making smart long-term moves by investing for growth in one of the most attractive trends in technology, generative AI. However, it may likely cap free cash flow upside near-term."
Ikeda lowered his rating on Coveo to Underperform from Neutral and lowered his price target to $7 CAD from $9 CAD.

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