Important positive changes in fundamentals have recently occurred for Descartes Systems Group Inc (NASDAQ: DSGX): the consensus estimate for January, 2025 increased significantly, the consensus estimate for January, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Descartes Systems Group Inc (NASDAQ: DSGX) has recently enjoyed significant positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of C. 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 exceed the cost of capital, DSGX is expected to continue to be a Value Builder.
Descartes Systems Group has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Descartes Systems Group has a very low Appreciation Score of 15 but a good Power Rating of 81, leading to the Neutral Value Trend Rating.
Recent Price Action
Descartes Systems Group Inc (NASDAQ: DSGX) stock closed at $95.33 on 6/26/24 after a modest gain of 0.6%. Trading volume in this advance was normal. The stock has risen 0.5% during the last week and has been strong relative to the market over the last nine months.
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