Coveo Solutions Inc. (TSE:CVO) Receives C$10.94 Consensus Target Price from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have earned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$10.94.

A number of equities research analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Coveo Solutions from C$13.00 to C$11.00 in a report on Thursday, August 8th. TD Securities cut their target price on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Stifel Nicolaus cut their target price on shares of Coveo Solutions from C$12.00 to C$10.00 in a research report on Thursday, August 8th. Finally, BMO Capital Markets cut their target price on shares of Coveo Solutions from C$10.50 to C$10.00 in a research report on Thursday, August 8th.

Coveo Solutions Stock Up 3.3 %

Shares of TSE:CVO opened at C$7.30 on Thursday. Coveo Solutions has a 12 month low of C$5.07 and a 12 month high of C$12.48. The company’s 50-day moving average price is C$5.96 and its two-hundred day moving average price is C$6.84. The company has a quick ratio of 3.14, a current ratio of 1.71 and a debt-to-equity ratio of 6.05. The firm has a market cap of C$392.96 million, a P/E ratio of -24.33, a P/E/G ratio of 0.09 and a beta of 0.75.

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.