TD Securities kept a Buy rating on Descartes Systems (DSGX) with a $121 price target following a transfer of coverage. The firm believes the company’s “strong Q3 results lifted two major overhangs on the stock.” The quarter eased concerns around Descartes’ organic growth and its artificial intelligence disruption risk, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DSGX:
- Descartes Systems price target lowered to $115 from $127 at Scotiabank
- Descartes Systems price target lowered to $95 from $113 at BMO Capital
- 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