Royal Bank of Canada Increases Coveo Solutions (TSE:CVO) Price Target to C$14.00

Coveo Solutions (TSE:CVO) had its target price upped by stock analysts at Royal Bank of Canada from C$13.00 to C$14.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 32.45% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. TD Securities upped their price target on shares of Coveo Solutions from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Tuesday, November 7th. National Bankshares boosted their price objective on shares of Coveo Solutions from C$11.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Stifel Canada reiterated a “buy” rating on shares of Coveo Solutions in a research report on Wednesday, September 20th. Stifel Nicolaus set a C$14.00 price target on shares of Coveo Solutions and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, BMO Capital Markets upped their target price on shares of Coveo Solutions from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.69.

Coveo Solutions Stock Performance

Shares of CVO opened at C$10.57 on Friday. The firm has a market capitalization of C$545.62 million and a P/E ratio of -26.43. The company has a debt-to-equity ratio of 5.48, a current ratio of 2.62 and a quick ratio of 3.14. Coveo Solutions has a one year low of C$5.90 and a one year high of C$12.16. The business has a fifty day moving average of C$10.48 and a 200 day moving average of C$9.42.

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.