TD Cowen analyst John Shao reiterated a Buy rating on D2L today and set a price target of C$22.00.
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John Shao has given his Buy rating due to a combination of factors that suggest a positive outlook for D2L’s stock. He acknowledges the challenges faced by the company, particularly in the K-12 segment, but believes that these are temporary setbacks. Shao sees potential in D2L’s strategic initiatives aimed at enhancing their market position and driving growth.
Furthermore, he is optimistic about the company’s ability to capitalize on emerging opportunities in the education technology sector. Shao’s analysis indicates confidence in D2L’s management and their plans to navigate current market dynamics effectively. Overall, his Buy rating reflects a belief in the company’s long-term value proposition and potential for stock appreciation.
According to TipRanks, Shao is a 4-star analyst with an average return of 9.4% and a 50.00% success rate. Shao covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Shopify, and D2L.
In another report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$18.00 price target.