Coveo Solutions (TSE:CVO) Price Target Cut to C$10.50 by Analysts at BMO Capital Markets

Coveo Solutions (TSE:CVOFree Report) had its target price decreased by BMO Capital Markets from C$12.50 to C$10.50 in a report released on Tuesday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also commented on the stock. Eight Capital boosted their price objective on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the stock a buy rating in a research report on Wednesday, February 21st. Royal Bank of Canada raised their price objective on Coveo Solutions from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Tuesday, February 6th. Stifel Nicolaus raised their price objective on Coveo Solutions from C$14.00 to C$15.00 and gave the company a buy rating in a report on Tuesday, February 6th. Finally, TD Securities raised their price objective on shares of Coveo Solutions from C$13.50 to C$15.00 and gave the stock a buy rating in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coveo Solutions currently has a consensus rating of Buy and an average price target of C$12.00.

View Our Latest Research Report on CVO

Coveo Solutions Stock Down 1.5 %

Shares of Coveo Solutions stock opened at C$7.23 on Tuesday. Coveo Solutions has a 1 year low of C$6.66 and a 1 year high of C$12.48. The business has a 50-day moving average of C$8.75 and a two-hundred day moving average of C$9.60. The company has a market capitalization of C$385.50 million, a P/E ratio of -20.08, a price-to-earnings-growth ratio of 0.09 and a beta of 1.03. The company has a debt-to-equity ratio of 5.37, a current ratio of 2.44 and a quick ratio of 3.14.

Coveo Solutions Company Profile

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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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