Coveo Solutions Inc. (TSE:CVO – Get Free Report) has been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$11.71.
A number of brokerages have weighed in on CVO. Eight Capital decreased their target price on Coveo Solutions from C$16.00 to C$13.50 and set a “buy” rating for the company in a research report on Tuesday, June 4th. National Bankshares decreased their price objective 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. BMO Capital Markets dropped their target price on shares of Coveo Solutions from C$12.50 to C$10.50 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. TD Securities reduced their price target on shares of Coveo Solutions from C$15.00 to C$12.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Finally, Royal Bank of Canada dropped their price objective on shares of Coveo Solutions from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th.
Read Our Latest Stock Report on CVO
Coveo Solutions Trading Up 3.4 %
Coveo Solutions (TSE:CVO – Get Free Report) last issued its earnings results on Monday, June 3rd. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.03). Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. The company had revenue of C$41.44 million for the quarter, compared to analysts’ expectations of C$44.79 million. On average, research analysts anticipate that Coveo Solutions will post -0.2144225 EPS for the current 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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