Descartes Systems Group Inc (NASDAQ: DSGX) has benefited from notable positive changes in fundamentals: the consensus estimate for January, 2024 increased significantly, the consensus estimate for January, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent exceptional positive changes in investment behavior have benefitted Descartes Systems Group Inc (NASDAQ: DSGX): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DSGX is expected to continue to be a Value Builder.
Descartes Systems Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Descartes Systems Group has a very low Appreciation Score of 14 but a neutral Power Rating of 55, resulting in the Negative Value Trend Rating.
Recent Price Action
On 11/10/23, Descartes Systems Group Inc (NASDAQ: DSGX) stock enjoyed a large increase of 2.6%, closing at $77.76. The stock has performed in line with the market over the last nine months and has risen 6.6% during the last week.
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