Stephens & Co. Maintains Overweight Rating for Descartes Systems Gr: Here's What You Need To Know

Stephens & Co. has decided to maintain its Overweight rating of Descartes Systems Gr DSGX and raise its price target from $93.00 to $94.00.

Shares of Descartes Systems Gr are trading up 0.17% over the last 24 hours, at $75.25 per share.

A move to $94.00 would account for a 24.92% increase from the current share price.

About Descartes Systems Gr

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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