Coveo Solutions Inc. (TSE:CVO – Get Free Report)’s stock price fell 2.1% on Wednesday . The stock traded as low as C$9.19 and last traded at C$9.19. 36,570 shares changed hands during trading, a decline of 63% from the average session volume of 97,843 shares. The stock had previously closed at C$9.39.
Wall Street Analysts Forecast Growth
CVO has been the topic of a number of recent research reports. TD Securities lifted their target price on shares of Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Royal Bank of Canada lifted their target price on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Stifel Nicolaus lifted their target price 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. Eight Capital lifted their target price on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Scotiabank lifted their target price on shares of Coveo Solutions from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$13.75.
Check Out Our Latest Analysis on CVO
Coveo Solutions Price Performance
Coveo Solutions (TSE:CVO – Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). The company had revenue of C$43.24 million during the quarter, compared to analysts’ expectations of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. As a group, equities analysts forecast that Coveo Solutions Inc. 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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