Information Provided By:
Fly News Breaks for May 28, 2019
DSGX
May 28, 2019 | 07:37 EDT
RBC Capital analyst Paul Treiber raised his price target on Descartes Systems to $45 and kept his Outperform rating, also raising his implied enterprise value to forward EBITDA estimate multiple to 26-times from 24-times. The analyst says the 19% stock price run-up since the company reported Q4 results reflects improved investor sentiment toward its $250M Visual Compliance acquisition and organic growth. Treiber adds that although the valuation on Descartes Systems has risen to the high end of its historical range, he also expects the company to generate the "fastest adjusted EBITDA growth in 7.5 years" in Q1 and above-consensus EBITDA in Q2.
News For DSGX From the Last 2 Days
There are no results for your query DSGX