Coveo Solutions (TSE:CVO) Hits New 1-Year High - What's Next?

Key Points

• Coveo Solutions Inc. reached a new 52-week high of C$9.53, closing at C$9.38 with significant trading volume of 158,697 shares.
• Several analysts have upgraded their price targets for Coveo, with Canaccord Genuity Group raising their target to C$13.00, indicating a strong "buy" sentiment.
• The company's stock has an average Buy rating from analysts, with a consensus price target of C$11.50, reflecting optimism about its growth potential.

Shares of Coveo Solutions Inc. (TSE:CVO - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$9.53 and last traded at C$9.38, with a volume of 158697 shares trading hands. The stock had previously closed at C$9.12.

Analyst Upgrades and Downgrades

CVO has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price target on Coveo Solutions from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus raised their price target on Coveo Solutions from C$11.00 to C$13.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. TD Securities raised their price target on Coveo Solutions from C$10.00 to C$12.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price target on Coveo Solutions from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$11.50.

Coveo Solutions Trading Up 0.2%

The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. The business has a 50 day moving average of C$8.67 and a 200 day moving average of C$7.19. The firm has a market capitalization of C$884.24 million, a price-to-earnings ratio of -38.38, a PEG ratio of 0.09 and a beta of 0.73.

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.