Coveo Solutions (TSE:CVO) Price Target Raised to C$12.00

Key Points

• TD Securities raised Coveo Solutions' price target from C$10.00 to C$12.00, indicating a potential upside of 43.03%.
• Despite the positive outlook from analysts, Coveo Solutions' stock traded down 7.0%, closing at C$8.39 on Friday.
• Coveo Solutions is an AI-powered platform that helps enterprises enhance customer engagement and drive revenue growth.

Coveo Solutions (TSE:CVO - Get Free Report) had its price target increased by equities researchers at TD Securities from C$10.00 to C$12.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 43.03% from the company's current price.

A number of other equities analysts have also issued reports on CVO. Canaccord Genuity Group raised their target price on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. National Bankshares decreased their target price on shares of Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Royal Bank Of Canada boosted their target price on Coveo Solutions from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus increased their price objective on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coveo Solutions has an average rating of "Buy" and an average target price of C$11.25.

Coveo Solutions Trading Down 7.0%

Shares of TSE:CVO traded down C$0.63 during mid-day trading on Friday, reaching C$8.39. 457,635 shares of the company were exchanged, compared to its average volume of 134,488. The firm has a market cap of C$563.74 million, a price-to-earnings ratio of -51.75, a P/E/G ratio of 0.09 and a beta of 0.75. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. Coveo Solutions has a 1 year low of C$4.92 and a 1 year high of C$9.53. The firm's 50-day simple moving average is C$7.66 and its 200 day simple moving average is C$6.65.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.