Coveo Solutions (TSE:CVO) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Coveo Solutions (TSE:CVO) had its target price boosted by analysts at Royal Bank of Canada from C$10.00 to C$11.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 58.50% from the stock’s current price.

Several other research firms have also commented on CVO. National Bankshares decreased their price target on shares of Coveo Solutions from C$8.50 to C$7.50 and set an “outperform” rating for the company in a research report on Friday, April 25th. Stifel Nicolaus upped their price objective on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group upped their price objective on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coveo Solutions currently has an average rating of “Buy” and a consensus price target of C$11.00.

Coveo Solutions Stock Performance

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

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.