Canaccord Genuity analyst Robert Young maintained a Buy rating on Descartes (NASDAQ:DSGX) on Thursday, setting a price target of $65, which is approximately 14.72% above the present share price of $56.66.
Young expects Descartes to post earnings per share (EPS) of $0.13 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Descartes, with an average price target of $61.17.
The analysts price targets range from a high of $67 to a low of $52.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $84.05 million and a net profit of $16.74 million. The company's market cap is $4.89 billion.
According to TipRanks.com, Canaccord Genuity analyst Robert Young is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.6% and a 68.63% success rate.
The Descartes Systems Group , Inc. engages in the provision of logistics technology solutions. It specializes in cloud-based solutions including modular and software-as-a-service to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and leverage global trade and restricted party data; file customers and security documents for imports and exports; research and perform trade tariff and duty calculations; and other logistics processes. The company was founded on May 22, 1981 and is headquartered in Waterloo, Canada.