Coveo Solutions Inc T.CVO

Is it time? No

[templetooth2]

• "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.

[Deuteronomy818]

Just one analyst's opinion and from a previous Neutral?  What about the others with Strong Buy, Buy and a potential 50% upside on the high side or a takeover candidate??  Yeah, we're up from the 52 week low but no where near the 52 week high.  Picked up more today, let's see in a few weeks....glta