National Bank Reviews Descartes Q3-March 2024-www.financetom.com

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National Bank Reviews Descartes Q3

Dec 4, 2024 9:55 AM

12:41 PM EST, 12/04/2024 (MT Newswires) -- Descartes reported a strong fiscal third quarter. Organic growth also accelerated to a two-year high.

Looking ahead, National Bank analyst John Shao believes the company is well-positioned to meet or potentially exceed its growth targets as customers increasingly rely on its solutions to navigate through uncertainties in global trade and the labor environment.

"If anything, this quarter's performance aligns with our recent initiation, where we highlighted Descartes as a high-quality compounder for its strong business fundamentals, execution and M&A prowess."

Raising target by US$10, to US$135. Maintain Outperform.

Price: 170.95, Change: +7.87, Percent Change: +4.83

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