Coveo Solutions Inc. (TSE:CVO – Get Free Report) has earned a consensus rating of “Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$10.94.
A number of research firms recently issued reports on CVO. National Bankshares cut their price target on Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Eight Capital dropped their target price on shares of Coveo Solutions from C$16.00 to C$13.50 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Stifel Nicolaus decreased their price target on shares of Coveo Solutions from C$12.00 to C$10.00 in a research note on Thursday, August 8th. Scotiabank lowered their price target on shares of Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Finally, Canaccord Genuity Group reduced their price objective on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, July 15th.
Check Out Our Latest Analysis on Coveo Solutions
Coveo Solutions Stock Performance
Coveo Solutions (TSE:CVO – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%. The business had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$43.87 million. On average, equities analysts forecast that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.
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.
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