Shares of Coveo Solutions Inc. (TSE:CVO – Get Free Report) have received an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is C$10.94.
A number of research firms have commented on CVO. BMO Capital Markets decreased their price objective on shares of Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday, August 8th. Scotiabank lowered their price objective on shares of 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. TD Securities dropped their price objective on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. National Bankshares decreased their target price on Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Finally, Canaccord Genuity Group dropped their price target on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, July 15th.
View Our Latest Analysis on CVO
Coveo Solutions Stock Performance
Coveo Solutions (TSE:CVO – Get Free Report) last released its 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). The firm had revenue of C$44.08 million for the quarter, compared to the consensus estimate of C$43.87 million. Coveo Solutions had a negative return on equity of 13.95% and a negative net margin of 17.81%. Equities analysts forecast that Coveo Solutions will post -0.2144225 earnings per share 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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