Descartes Systems price target lowered to $82 from $95 at BMO Capital

BMO Capital lowered the firm’s price target on Descartes Systems (DSGX) to $82 from $95, reflecting the recent multiple compression across peers, and keeps a Market Perform rating on the shares. The firm adds however that the company can continue to deliver on its 10%-15% annual EBITDA growth target, noting it believes that the stock’s AI-driven sell-off has been overdone, the analyst tells investors in a research note.