TSX:DSG - Post Discussion
Post by
retiredcf on May 31, 2024 1:30pm
Targets Raised
CIBC’s Stephanie Price increased her target for Descartes Systems Group Inc. to US$108 from US$101 with an “outperformer” rating. Other changes include: TD’s Daniel Chan to US$115 from US$110 with a “buy” rating, BMO’s Thanos Moschopoulos increased to US$100 from US$94 with a “market perform” rating and Stephens’ Justin Long to US$110 from US$107 with an “overweight” rating. The average on the Street is US$101.22.
“We remain Market Perform on DSGX following Q1/25 results that were roughly in line for both the quarter and Q2/25 calibration,” said Mr. Moschopoulos. “We’ve modestly raised our FY2025/2026 EBITDA estimates. We think DSGX 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.”
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