Coveo Solutions (TSE:CVO – Free Report) had its target price decreased by BMO Capital Markets from C$10.50 to C$10.00 in a research note released on Thursday morning, BayStreet.CA reports.
CVO has been the subject of several other research reports. Canaccord Genuity Group lowered their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a buy rating for the company in a report on Monday, July 15th. Royal Bank of Canada lowered their target price on shares of Coveo Solutions from C$15.00 to C$13.00 and set an outperform rating for the company in a research note on Wednesday, June 5th. Stifel Nicolaus cut their price target on shares of Coveo Solutions from C$15.00 to C$12.00 and set a buy rating on the stock in a research report on Tuesday, June 4th. Scotiabank lowered their price objective on Coveo Solutions from C$14.00 to C$11.00 and set an outperform rating for the company in a research report on Tuesday, June 4th. Finally, TD Securities cut their target price on Coveo Solutions from C$12.00 to C$11.00 and set a buy rating on the stock in a research report on Thursday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of Buy and an average target price of C$10.94.
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Coveo Solutions Trading Down 5.0 %
Coveo Solutions (TSE:CVO – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. The company had revenue of C$44.08 million during the quarter, compared to the consensus estimate of C$43.87 million. Equities research analysts anticipate that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.
Coveo Solutions Company Profile
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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