Morgan Stanley lowered the firm’s price target on Descartes Systems (DSGX) to $100 from $110 and keeps an Equal Weight rating on the shares. The primary investor debate on Descartes has been around if organic growth can recover from its continued deceleration over the past 18 months, notes the analyst, who trimmed the firm’s price target given worsening shipment volume data and peer multiples having come down recently.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DSGX:
- Estes Logistics Expands Operations with Descartes Technology
- Descartes Study Highlights Technology’s Crucial Role in Logistics Growth
- Descartes Systems Group to Announce Q3 Fiscal 2026 Financial Results
- Descartes Systems price target lowered to $126 from $127 at CIBC
- Descartes’ Solution Boosts Ecommerce Efficiency and Inclusivity