Coveo Solutions Inc. (TSE:CVO – Get Free Report) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$12.38.
A number of brokerages have recently issued reports on CVO. Stifel Nicolaus set a C$14.00 price target on Coveo Solutions and gave the company a “buy” rating in a report on Thursday, August 24th. Eight Capital set a C$12.00 target price on Coveo Solutions and gave the stock a “buy” rating in a research note on Monday, September 25th. Stifel Canada restated a “buy” rating on shares of Coveo Solutions in a research note on Wednesday, September 20th. National Bankshares boosted their target price on Coveo Solutions from C$11.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Royal Bank of Canada boosted their target price on Coveo Solutions from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th.
Coveo Solutions Price Performance
Coveo Solutions (TSE:CVO – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.03). Coveo Solutions had a negative return on equity of 15.93% and a negative net margin of 29.44%. The business had revenue of C$41.01 million for the quarter, compared to the consensus estimate of C$39.62 million. Equities analysts forecast that Coveo Solutions will post -0.2144225 EPS for the current year.
About Coveo Solutions
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.
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