Coveo Solutions (TSE:CVO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Coveo Solutions (TSE:CVO) had its target price increased by analysts at Canaccord Genuity Group from C$11.00 to C$12.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 72.91% from the company’s previous close.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Coveo Solutions from C$10.00 to C$11.00 in a report on Wednesday, February 12th. Royal Bank of Canada dropped their price objective on shares of Coveo Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, National Bankshares cut their price target on shares of Coveo Solutions from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions has an average rating of “Buy” and an average price target of C$11.00.

Coveo Solutions Stock Up 0.6%

CVO opened at C$6.94 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. Coveo Solutions has a 1-year low of C$4.92 and a 1-year high of C$8.30. The company has a market capitalization of C$466.31 million, a PE ratio of -42.81, a PEG ratio of 0.09 and a beta of 0.75. The firm’s 50 day simple moving average is C$5.93 and its two-hundred day simple moving average is C$6.36.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.