Barclays upgraded Descartes Systems (DSGX) to Overweight from Equal Weight with a price target of $105, down from $106. The firm adjusted ratings in the software group as part of its 2026 outlook. Barclays sees a favorable setup for software in 2026. Macro and IT spending are stable, while stock valuation levels are low and the sector is out of favor, the analyst tells investors in a research note. Barclays believes Descartes is at an inflection point with underlying growth reaccelerating. This creates an attractive entry point with its valuation levels near multi-year lows, contends the firm.
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