Shares of Coveo Solutions Inc. (TSE:CVO – Get Free Report) have received an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$13.75.
CVO has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Eight Capital increased their target price on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada upped their price target on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Scotiabank upped their price target on shares of Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, TD Securities upped their price target on shares of Coveo Solutions from C$13.50 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th.
Check Out Our Latest Analysis on CVO
Coveo Solutions Trading Down 2.6 %
Coveo Solutions (TSE:CVO – Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.04). The company had revenue of C$43.24 million during the quarter, compared to analyst estimates of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. As a group, research analysts expect that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.
About Coveo Solutions
Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.
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