The Descartes Systems Group (DSGX) was upgraded to a Buy Rating at Raymond James
Raymond James analyst Steven Li upgraded The Descartes Systems Group to a Buy today and set a price target of $118.00.
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According to TipRanks, Li is a 3-star analyst with an average return of 2.3% and a 44.07% success rate.
In addition to Raymond James, The Descartes Systems Group also received a Buy from William Blair’s Dylan Becker in a report issued today. However, on the same day, Barclays maintained a Hold rating on The Descartes Systems Group (NASDAQ: DSGX).
Based on The Descartes Systems Group’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of C$179.82 million and a net profit of C$38.02 million. In comparison, last year the company earned a revenue of C$163.43 million and had a net profit of C$34.68 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
Read More on DSGX:
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- Descartes Systems upgraded to Outperform from Market Perform at Raymond James
- Strong Performance and Strategic Positioning Justify Buy Rating for The Descartes Systems Group
- Descartes Systems price target lowered to $106 from $108 at Barclays
- Descartes Systems Group Reports Strong Q3 Financials
- Descartes Systems Group Reports Record Q3 Financial Results and Announces Strategic Initiatives
