Descartes Systems Group Inc (NASDAQ: DSGX). Significant positive changes in fundamentals have recently occurred: the consensus estimate for January, 2025 increased significantly, the consensus estimate for January, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Descartes Systems Group Inc (NASDAQ: DSGX): its shorter term price trend turned up.
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 poor Appreciation Score of 16 but a good Power Rating of 82, with the Neutral Value Trend Rating the result.
Recent Price Action
On 6/12/24, Descartes Systems Group Inc (NASDAQ: DSGX) stock increased 2.0%, closing at $94.07. However, below average trading volume at 74% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 4.1% during the last week.
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