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

The Descartes Systems Group logo
$117.08 -0.02 (-0.02%)
(As of 01:03 PM ET)
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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
-6.69% 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 -6.69% from the current price of $117.08.
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DSGX Analyst Ratings Over Time

TypeCurrent Forecast
11/28/23 to 11/27/24		1 Month Ago
10/29/23 to 10/28/24		3 Months Ago
8/30/23 to 8/29/24		1 Year Ago
11/28/22 to 11/28/23
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-6.69% Downside0.60% Upside2.10% Upside4.80% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

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.
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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.
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The Descartes Systems Group Stock vs. The Competition

TypeThe Descartes Systems GroupComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.79
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-6.70% Downside280.99% Upside6.73% Upside
News Sentiment Rating
Positive News

See Recent DSGX News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2024Barclays
3 of 5 stars		R. Lenschow
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeUnderweight ➝ Equal Weight$88.00 ➝ $125.00+11.64%
10/24/2024Scotiabank
5 of 5 stars		 Boost TargetSector Outperform ➝ Sector Outperform$104.00 ➝ $120.00+13.51%
9/26/2024National Bankshares
1 of 5 stars		 Set TargetOutperform$125.00+19.62%
9/25/2024National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Shao
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeStrong-Buy
9/5/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Set TargetBuy$108.00+10.23%
9/5/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$115.00 ➝ $115.00+16.31%
9/5/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$100.00 ➝ $104.00+5.19%
5/31/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$94.00 ➝ $96.00+6.51%
5/30/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperformer ➝ Outperform$101.00 ➝ $108.00+17.02%
5/30/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$110.00 ➝ $115.00+24.61%
5/30/2024Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$107.00 ➝ $110.00+18.87%
5/14/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$90.00-7.61%
4/1/2024William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Becker
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingOutperform
1/10/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradePeer Perform ➝ Outperform$95.00+17.85%
6/1/202322nd Century Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:36 PM 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 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 research analysts is that investors should "moderate buy" DSGX shares.

According to analysts, The Descartes Systems Group's stock has a predicted downside of -6.69% 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 11/27/2024 by MarketBeat.com Staff
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