The Globe and Mail reports in its Friday, April 17, edition that Rothschild Redburn analyst Lachlan Brown has elevated his recommendation for Descartes Systems Group to "buy" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Brown gave his share target a $10 trim to $90 (all figures U.S.). Analysts on average target the shares at $102.33. Mr. Brown sees Descartes's Global Logistics Network as a competitive advantage that offers "strength and defensibility amid the rise of AI." As well, he touts Descartes's market share gains despite growing international trade complexities as well as positive sales momentum. The Globe reported on Oct. 30 that CIBC World Markets analyst Stephanie Price had reiterated her "outperformer" recommendation for Descartes Systems Group. The shares could then be had for $89.47. The Globe reported on Dec. 2 that RBC Dominion Securities analyst Paul Treiber continued to rate Descartes Systems Group "outperform." The shares could then be had for $82.51. The Globe reported on March 13 that Canaccord Genuity analyst Robert Young had reaffirmed his "buy" recommendation for Descartes Systems Group. The shares were then going for $72.46.
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