Descartes Systems Group Maintained at Market Perform at BMO After Q3 Results; Price Target Kept at US$120.00

MT Newswires Live2024-12-05

BMO Capital Markets on Wednesday reiterated its market-perform rating on the shares of Descartes Systems Group (DSG.TO, DSGX) with a US$120.00 price target following the software company's third-quarter results.

"We remain Market Perform on DSGX and have made minor changes to our model following Q3/25 results that were a beat on revenue and in line on EBITDA, while Q4/25 calibration was roughly in line. We think DSGX can successfully execute on its strategy of delivering consistent EBITDA growth, and believe that supply chain disruptions stemming from U.S. tariffs could be helpful in driving incremental organic growth. However, we believe this potential tailwind is largely priced in, and on a relative basis, prefer other consolidators in our coverage universe," analyst Thanos Moschopoulos noted.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 170.53, Change: +7.45, Percent Change: +4.57

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