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Coveo Solutions (TSE:CVO) Trading Up 0.2% - Here's Why

Coveo Solutions logo with Computer and Technology background

Key Points

  • Coveo Solutions' share price increased by 0.2% during mid-day trading, reaching C$8.88 after previously closing at C$8.86, with a trading volume slightly below the daily average.
  • A number of analysts have raised their price targets for Coveo Solutions, with new targets ranging from C$12.00 to C$13.00, reflecting a consensus "Buy" rating among five research analysts.
  • The company operates as an AI-powered platform, providing solutions that aim to enhance digital experiences and drive revenue growth for enterprises.
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Coveo Solutions Inc. (TSE:CVO - Get Free Report)'s share price was up 0.2% during mid-day trading on Tuesday . The company traded as high as C$9.00 and last traded at C$8.88. Approximately 135,751 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 137,324 shares. The stock had previously closed at C$8.86.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CVO shares. TD Securities upped their price target on shares of Coveo Solutions from C$10.00 to C$12.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Stifel Nicolaus upped their target price 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. Canaccord Genuity Group upped their target price on shares of Coveo Solutions from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada upped their target price on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Coveo Solutions presently has a consensus rating of "Buy" and a consensus price target of C$11.50.

Check Out Our Latest Research Report on Coveo Solutions

Coveo Solutions Stock Up 0.2%

The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. The firm has a market cap of C$596.67 million, a P/E ratio of -54.77, a PEG ratio of 0.09 and a beta of 0.75. The company's 50 day simple moving average is C$8.25 and its 200-day simple moving average is C$7.00.

About Coveo Solutions

(Get Free Report)

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.

See Also

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