Coveo Solutions (TSE:CVO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Coveo Solutions (TSE:CVO) had its price target raised by Stifel Nicolaus from C$11.00 to C$13.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 87.32% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group increased their target price on Coveo Solutions from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares lowered their target price on Coveo Solutions from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, Royal Bank of Canada lowered their target price on Coveo Solutions from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$11.00.

Coveo Solutions Price Performance

CVO opened at C$6.94 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. Coveo Solutions has a 12 month low of C$4.92 and a 12 month high of C$8.30. The company has a fifty day simple moving average of C$5.93 and a 200 day simple moving average of C$6.36. The stock has a market cap of C$466.31 million, a P/E ratio of -42.81, a P/E/G ratio of 0.09 and a beta of 0.75.

About Coveo Solutions

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.