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

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