The Descartes Systems Group (DSGX) Stock Forecast & Price Target

$116.08 +1.75 (+1.53%)

(As of 11/22/2024 ET)

The Descartes Systems Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
4

Buy
10

Based on 14 Wall Street analysts who have issued ratings for The Descartes Systems Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 4 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for DSGX.

Consensus Price Target

$109.25
-5.88% Downside

According to the 14 analysts' twelve-month price targets for The Descartes Systems Group, the average price target is $109.25. The highest price target for DSGX is $125.00, while the lowest price target for DSGX is $90.00. The average price target represents a forecasted downside of -5.88% from the current price of $116.08.

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DSGX Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$109.25	$106.17	$102.00	$85.00
Forecasted Upside	-5.88% Downside	1.56% Upside	2.51% Upside	4.26% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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DSGX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DSGX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

The Descartes Systems Group Stock vs. The Competition

Type	The Descartes Systems Group	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.79	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-5.88% Downside	543.09% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent DSGX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	Barclays 3 of 5 stars	R. Lenschow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$88.00 ➝ $125.00	+11.64%
10/24/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Outperform ➝ Sector Outperform	$104.00 ➝ $120.00	+13.51%
9/26/2024	National Bankshares 1 of 5 stars		Set Target	Outperform	$125.00	+19.62%
9/25/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shao Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/5/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	$108.00	+10.23%
9/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$115.00 ➝ $115.00	+16.31%
Get the Latest News and Ratings for DSGX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for The Descartes Systems Group and its competitors with MarketBeat's FREE daily newsletter.
9/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$100.00 ➝ $104.00	+5.19%
5/31/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$94.00 ➝ $96.00	+6.51%
5/30/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperform	$101.00 ➝ $108.00	+17.02%
5/30/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $115.00	+24.61%
5/30/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$107.00 ➝ $110.00	+18.87%
5/14/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$90.00	-7.61%
4/1/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
1/10/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$95.00	+17.85%
6/1/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:12 AM ET.

DSGX Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for The Descartes Systems Group is $109.25, with a high forecast of $125.00 and a low forecast of $90.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DSGX shares.
: According to analysts, The Descartes Systems Group's stock has a predicted downside of -5.88% based on their 12-month stock forecasts.
: Over the previous 90 days, The Descartes Systems Group's stock had 2 upgrades by analysts.
: The Descartes Systems Group has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, National Bank Financial, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like The Descartes Systems Group more than other "computer and technology" companies. The consensus rating score for The Descartes Systems Group is 2.79 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how DSGX compares to other companies.

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This page (NASDAQ:DSGX) was last updated on 11/23/2024 by MarketBeat.com Staff

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The Descartes Systems Group (DSGX) Stock Forecast & Price Target