Analyst Price Target is C$74.67
▼ -17.09% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for The Descartes Systems Group in the last 3 months. The average price target is C$74.67, with a high forecast of C$89.00 and a low forecast of C$60.00. The average price target represents a -17.09% upside from the last price of C$90.06.
Current Consensus is
The current consensus among 3 contributing investment analysts is to hold stock in The Descartes Systems Group. This rating has held steady since September 2022, when it changed from a Buy consensus rating.
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.