Coveo Solutions Inc. (TSE:CVO – Get Free Report) has received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$13.75.
A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Eight Capital raised their price objective 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 target price on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Scotiabank lifted their price target on Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, TD Securities upped their price objective on Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th.
Get Our Latest Analysis on Coveo Solutions
Coveo Solutions Trading Up 1.9 %
Coveo Solutions (TSE:CVO – Get Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.04). Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. The company had revenue of C$43.24 million for the quarter, compared to analyst estimates of C$43.26 million. On average, analysts anticipate that Coveo Solutions will post -0.2144225 EPS for the current 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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