The Globe and Mail reports in its Friday, March 13, edition that Canaccord Genuity analyst Robert Young continues to rank Descartes Systems Group "buy." The Globe's Darcy Keith writes that Mr. Young gave his share target an $8 (U.S.) trim to $92 (U.S.). Mr. Young says in a note: "Descartes beat expectations soundly on the top and bottom line against a macro background that has gone from volatile to chaotic. Services revenue grew 15 per cent YoY (8 per cent organically, up from 7 per cent last quarter), supported by consistent strength in global trade intelligence, real-time tracking/macropoint and e-commerce, all of which have further penetration potential into the customer base. Management reinforced its argument of resilience against AI, underpinned by its network, proprietary dataset and position as a trusted system of record for critical supply chain data. Adj. EBITDA grew an impressive 18 per cent YoY while margins reached 46 per cent, above management's long-term target of 10-15 per cent annual EBITDA growth and 40-45 per cent margin. Descartes exited Q4 with $356-million in cash and no debt, well capitalized to fund M&A, which remains a focus, and buybacks which are taking on new priority."