CIBC Keeps Their Buy Rating on The Descartes Systems Group (DSGX)

CIBC analyst Stephanie Price maintained a Buy rating on The Descartes Systems Group today and set a price target of $126.00.

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According to TipRanks, Price is a 4-star analyst with an average return of 7.7% and a 55.91% success rate. Price covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Constellation Software, and CGI.

In addition to CIBC, The Descartes Systems Group also received a Buy from William Blair’s Dylan Becker in a report issued on March 23. However, on March 13, TipRanks – xAI reiterated a Hold rating on The Descartes Systems Group (NASDAQ: DSGX).

Based on The Descartes Systems Group’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$195.83 million and a net profit of C$46.33 million. In comparison, last year the company earned a revenue of C$167.47 million and had a net profit of C$37.37 million

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DSGX in relation to earlier this year.