<div id="readability-page-1"><p><span>The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) <span>TSE: DSG<span></span></span></span> had its target price reduced by equities research analysts at Royal Bank of Canada  from $130.00 to $126.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an &#34;outperform&#34; rating on the technology company's stock. Royal Bank of Canada's target price suggests a potential upside of 19.63% from the stock's previous close.</p><ul><li>Descartes Systems Group Approaches Buy Point Of Flat Base</li></ul><p>A number of other research firms have also weighed in on DSGX. CIBC reduced their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an &#34;outperform&#34; rating for the company in a research note on Thursday, March 6th. Stephens lowered their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an &#34;overweight&#34; rating for the company in a research note on Wednesday, April 9th. Scotiabank boosted their price target on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a &#34;sector outperform&#34; rating in a research note on Wednesday, March 26th. BMO Capital Markets lowered their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a &#34;market perform&#34; rating for the company in a research note on Thursday, March 6th. Finally, Barclays decreased their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating, eight have issued  a buy rating and one  has issued  a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $123.40.</p><p><b>Read Our Latest Research Report on The Descartes Systems Group</b></p><h2>The Descartes Systems Group Stock Down 8.9%</h2><p>Shares of NASDAQ:DSGX traded down $10.28 during trading on Thursday, hitting $105.33. 537,544 shares of the company were exchanged, compared to its average volume of 211,268. The business's 50 day moving average is $106.92 and its 200-day moving average is $110.83. The company has a market capitalization of $9.02 billion, a P/E ratio of 66.35 and a beta of 0.88. The Descartes Systems Group has a 1-year low of $90.55 and a 1-year high of $124.31. </p><p>The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) <span>TSE: DSG<span></span></span> last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The firm had revenue of $168.74 million for the quarter, compared to the consensus estimate of $169.60 million. During the same period last year, the company posted $0.40 EPS. The business's revenue was up 11.5% compared to the same quarter last year.  As a group, sell-side analysts anticipate that  The Descartes Systems Group will post 1.64 earnings per share for the current year. </p><h2>Institutional Trading of The Descartes Systems Group</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of DSGX. Mather Group LLC. lifted its position in  The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter.  NBC Securities Inc. bought a new stake in  The Descartes Systems Group during the 1st quarter valued at about $25,000.  GeoWealth Management LLC lifted its holdings in  The Descartes Systems Group by 63.2% during the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after buying an additional 132 shares in the last quarter.  SBI Securities Co. Ltd. bought a new stake in  The Descartes Systems Group during the 4th quarter valued at about $43,000.  Finally, Cullen Frost Bankers Inc. bought a new stake in  The Descartes Systems Group during the 1st quarter valued at about $49,000. 77.73% of the stock is owned by hedge funds and other institutional investors. </p><h2>The Descartes Systems Group Company Profile</h2> (Get Free Report)<p>The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.</p><h2>See Also</h2><ul><li>Five stocks we like better than The Descartes Systems Group</li><li>How to Short a Stock in 5 Easy Steps </li><li>Update! What Is Congress Trading So Far In 2025? </li><li>How to Buy Cheap Stocks Step by Step</li><li>Best Dollar Store Stock to Buy: Dollar Tree or Dollar General? </li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>A New All-Time High Is Coming Soon for Credo Technology Group</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFNHWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFNHWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in The Descartes Systems Group Right Now?</h2><p>Before you consider The Descartes Systems Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Descartes Systems Group wasn't on the list.</p><p>While The Descartes Systems Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

DSGX

<p>Royal Bank of Canada has reduced its target price for The Descartes Systems Group (NASDAQ: DSGX) from $130.00 to $126.00, maintaining an "outperform" rating. This suggests a potential upside of 19.63% from the stock's previous close. Other firms have also adjusted their price targets, with a consensus rating of "Moderate Buy" and an average target of $123.40. The stock recently traded down 8.9% to $105.33, with a market cap of $9.02 billion and a P/E ratio of 66.35.</p>

The Descartes Systems Group (NASDAQ:DSGX) Price Target Cut to $126.00 by Analysts at Royal Bank of Canada