Coveo Solutions (TSE:CVO – Free Report) had its price target lowered by Stifel Nicolaus from C$12.00 to C$10.00 in a research report released on Thursday, BayStreet.CA reports.
A number of other research firms have also recently commented on CVO. Scotiabank reduced 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. TD Securities reduced 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 Thursday. National Bankshares reduced their price target on shares of 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. BMO Capital Markets reduced their price target on shares of Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday. Finally, Eight Capital reduced their price target on shares of Coveo Solutions from C$16.00 to C$13.50 and set a buy rating for the company in a report on Tuesday, June 4th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$10.94.
Get Our Latest Stock Analysis on CVO
Coveo Solutions Trading Down 5.0 %
Coveo Solutions (TSE:CVO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.04). Coveo Solutions had a negative return on equity of 13.95% and a negative net margin of 17.81%. The firm had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$43.87 million. On average, sell-side analysts predict that Coveo Solutions will post -0.2144225 EPS for the current 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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