Canaccord Genuity analyst Robert Young maintained a Buy rating on Descartes (NASDAQ:DSGX) on Thursday, setting a price target of $50, which is approximately 9.81% below the present share price of $55.44.
Young expects Descartes to post earnings per share (EPS) of $0.13 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Descartes, with an average price target of $49.75.
The analysts price targets range from a high of $57 to a low of $45.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $83.7 million and a net profit of $16.49 million. The company's market cap is $4.63 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 22.0% and a 69.19% 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.