Royal Bank of Canada Has Lowered Expectations for Coveo Solutions (TSE:CVO) Stock Price

Coveo Solutions (TSE:CVO - Get Free Report) had its price target reduced by analysts at Royal Bank of Canada from C$11.00 to C$10.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 64.47% from the stock's previous close.

Separately, Stifel Nicolaus raised their price target on Coveo Solutions from C$10.00 to C$11.00 in a research report on Wednesday, February 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$10.63.

Coveo Solutions Stock Performance

Shares of CVO traded down C$0.01 during mid-day trading on Tuesday, hitting C$6.08. 37,558 shares of the company's stock were exchanged, compared to its average volume of 130,278. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. The firm has a market cap of C$408.53 million, a price-to-earnings ratio of -37.50, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75. The stock's 50-day simple moving average is C$5.77 and its 200-day simple moving average is C$6.23. Coveo Solutions has a 52 week low of C$4.92 and a 52 week high of C$9.12.

Coveo Solutions Company Profile

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.