The Descartes Systems Group (DSGX) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DSGX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DSGX, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 12-month target prices for The Descartes Systems Group's stock. Their DSGX share price forecasts range from $65.00 to $100.00. On average, they predict the company's stock price to reach $85.00 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
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The Descartes Systems Group's stock was trading at $69.65 at the beginning of the year. Since then, DSGX stock has increased by 3.2% and is now trading at $71.86.
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The Descartes Systems Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 603,100 shares, an increase of 9.3% from the August 15th total of 551,700 shares. Based on an average daily volume of 114,900 shares, the short-interest ratio is currently 5.2 days. Approximately 0.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
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The Descartes Systems Group Inc. (NASDAQ:DSGX) announced its quarterly earnings data on Wednesday, September, 6th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The technology company had revenue of $143.39 million for the quarter, compared to analysts' expectations of $139.95 million. The Descartes Systems Group had a net margin of 21.60% and a trailing twelve-month return on equity of 10.22%. The Descartes Systems Group's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.

iShares Expanded Tech-Software Sector ETF holds 261,573 shares of DSGX stock, representing 0.30% of its portfolio.

19 employees have rated The Descartes Systems Group Chief Executive Officer Ed Ryan on Glassdoor.com. Ed Ryan has an approval rating of 91% among the company's employees. This puts Ed Ryan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Descartes Systems Group investors own include Pfizer (PFE), Walmart (WMT), AbbVie (ABBV), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Activision Blizzard (ATVI), Kroger (KR), Visa (V) and Valero Energy (VLO).

The Descartes Systems Group trades on the NASDAQ under the ticker symbol "DSGX."

The Descartes Systems Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Jarislowsky Fraser Ltd (5.25%), Durable Capital Partners LP (4.15%), Conestoga Capital Advisors LLC (3.53%), Fiera Capital Corp (2.47%), Mackenzie Financial Corp (1.80%) and Geneva Capital Management LLC (1.69%).

Shares of DSGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DSGX stock can currently be purchased for approximately $71.86.

The Descartes Systems Group (NASDAQ:DSGX) has a market capitalization of $6.11 billion and generates $486.01 million in revenue each year. The technology company earns $102.24 million in net income (profit) each year or $1.31 on an earnings per share basis.

The company employs 2,083 workers across the globe.

The Descartes Systems Group's mailing address is 120 RANDALL ST, WATERLOO A6, N2V 1C6. The official website for the company is www.descartes.com. The technology company can be reached via phone at (519) 746-8110, via email at investor@descartes.com, or via fax at 519-746-1984.