10:52:11 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Kinaxis Inc
Symbol KXS
Shares Issued 26,403,004
Close 2020-01-28 C$ 111.03
Market Cap C$ 2,931,525,534
Recent Sedar Documents

Globe says Kinaxis share momentum seen continuing

2020-01-29 08:08 ET - In the News

The Globe and Mail reports in its Wednesday, Jan. 29, edition that Paradigm Capital analyst Kevin Krishnaratne is bullish on the technology sector. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Krishnaratne continues to rate Kinaxis "buy," while elevating his share target to $125 from $105. Analysts on average target the shares at $110.25. Mr. Krishnaratne says in a note: "Although Kinaxis was up more than 50 per cent in 2019, this followed a disappointing end to 2018 which saw shares drop from $100 in August to $65.90 to end the year, as downward revisions to 2018 guidance related to 'deal slippage' in November, together with a general SaaS sell-off, pressured the stock. The good news is that the slipped deals were ultimately booked, and results through 2019 indicated an accelerating pace of SaaS growth, with our forecast calling for 22 per cent versus 18 per cent in 2018. ... KXS shares have had a good start to the year, up 8 per cent year-to-date, and we see momentum in the name continuing ahead of the company's Q4 release and 2020 guidance expected in February."

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