Loop Capital Reiterates “Buy” Rating for The Descartes Systems Group (NASDAQ:DSGX)

by · The Markets Daily

The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG)‘s stock had its “buy” rating reissued by equities research analysts at Loop Capital in a research report issued on Thursday,Benzinga reports. They presently have a $96.00 price objective on the technology company’s stock. Loop Capital’s price objective suggests a potential upside of 19.11% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Scotiabank cut their price target on shares of The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Barclays cut their target price on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Rothschild & Co Redburn raised The Descartes Systems Group from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $100.00 to $90.00 in a research report on Thursday, April 16th. Weiss Ratings downgraded The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Finally, Morgan Stanley lowered their price objective on The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.67.

Get Our Latest Stock Report on The Descartes Systems Group

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX traded up $6.49 during trading hours on Thursday, hitting $80.60. The stock had a trading volume of 312,239 shares, compared to its average volume of 634,944. The firm’s 50-day moving average price is $71.28 and its two-hundred day moving average price is $76.28. The Descartes Systems Group has a 52 week low of $62.56 and a 52 week high of $109.00. The company has a market capitalization of $6.92 billion, a P/E ratio of 43.29 and a beta of 0.64.

The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last issued its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $166.96 million for the quarter, compared to analyst estimates of $173.94 million. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.70%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, analysts expect that The Descartes Systems Group will post 2.62 EPS for the current fiscal year.

Institutional Investors Weigh In On The Descartes Systems Group

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of The Descartes Systems Group by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 377,140 shares of the technology company’s stock worth $38,027,000 after purchasing an additional 98,054 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in The Descartes Systems Group by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,618 shares of the technology company’s stock valued at $5,507,000 after buying an additional 660 shares during the last quarter. Amundi increased its position in The Descartes Systems Group by 74.5% in the 2nd quarter. Amundi now owns 82,319 shares of the technology company’s stock worth $8,360,000 after buying an additional 35,132 shares during the period. Federated Hermes Inc. increased its position in The Descartes Systems Group by 25.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,246 shares of the technology company’s stock worth $127,000 after buying an additional 254 shares during the period. Finally, AXA S.A. lifted its holdings in shares of The Descartes Systems Group by 2.0% during the second quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock worth $681,000 after buying an additional 130 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group News Summary

Here are the key news stories impacting The Descartes Systems Group this week:

  • Positive Sentiment: Descartes reported fiscal Q1 2027 EPS of $0.55, topping the consensus estimate of $0.53, while net income rose 34% year over year to $48.5 million. Article Title
  • Positive Sentiment: Revenue increased 15% year over year to $193.6 million, and operating income reached a record $62.5 million, showing continued demand for its logistics software and network services. Article Title
  • Positive Sentiment: The company generated strong operating cash flow of $75.1 million, ended the quarter with $377.0 million in cash, and continued buying back shares, which supports shareholder returns. Article Title
  • Neutral Sentiment: Analysts continue to rate Descartes as a “Moderate Buy,” with recent price targets clustered around the high-$80s to mid-$90s, suggesting Street sentiment remains constructive. Article Title
  • Negative Sentiment: Revenue of $193.6 million missed the consensus estimate of $173.94 million, and investors may be focusing on that miss despite the earnings beat. Article Title

About The Descartes Systems Group

(Get Free Report)

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.

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