Coveo Solutions Inc. (TSE:CVO – Get Free Report) has been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$13.75.
CVO has been the topic of several recent research reports. Eight Capital lifted their target price on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. TD Securities upped their target price on Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Stifel Nicolaus upped their price objective on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Royal Bank of Canada lifted their price target on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Finally, Scotiabank boosted their price objective on Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st.
View Our Latest Analysis on CVO
Coveo Solutions Stock Performance
Coveo Solutions (TSE:CVO – Get Free Report) last released its quarterly earnings data on Monday, February 5th. 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 net margin of 21.85% and a negative return on equity of 13.31%. The business had revenue of C$43.24 million during the quarter, compared to analyst estimates of C$43.26 million. As a group, research analysts expect 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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