The Globe and Mail reports in its Tuesday, July 18, edition that BMO Capital analyst Thanos Moschopoulos has resumed coverage on Coveo Solutions with an "outperform" recommendation and $12 share target following a period of research restriction related to the company's recently completed buyback of 3.5 per cent of its shares. The Globe's Darcy Keith writes in the Eye On Equities column that analysts on average target the shares at $11.10. Mr. Moschopoulos says in a note: "We believe the stock remains attractive given Coveo's execution since its IPO, its progress toward profitability, and our forecasts for both near-term and longer-term growth. We're also of the view that large language models/generative AI are more likely to serve as complements, rather than alternatives, to Coveo's technology." The Globe reported on March 30 that Stifel analyst Suthan Sukumar began coverage on Coveo Solutions with a "buy" recommendation and $12 share target. The shares were then going for $7.95. The Globe reported on June 2 that Eight Capital analyst Adhir Kadve began coverage on Coveo Solutions with a "buy" recommendation and $12 share target. The shares could then be had for $8.05.