There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on The Descartes Systems Group (DSGX – Research Report) and Sumo Logic (SUMO – Research Report) with bullish sentiments.
The Descartes Systems Group (DSGX)
RBC Capital analyst Paul Treiber maintained a Buy rating on The Descartes Systems Group on December 5 and set a price target of $85.00. The company’s shares closed last Wednesday at $67.27.
According to TipRanks.com, Treiber is a 5-star analyst with an average return of
The Descartes Systems Group has an analyst consensus of Hold, with a price target consensus of $72.50.
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Sumo Logic (SUMO)
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Sumo Logic on December 5 and set a price target of $12.00. The company’s shares closed last Wednesday at $7.67, close to its 52-week low of $6.43.
According to TipRanks.com, Hedberg has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sumo Logic with a $12.75 average price target, representing a 61.0% upside. In a report issued on December 5, Rosenblatt Securities also maintained a Buy rating on the stock with a $18.00 price target.
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Read More on DSGX:
- Descartes Announces Fiscal 2023 Third Quarter Financial Results
- GSLS Uses Descartes’ Route Optimisation and Mobile Proof of Delivery (POD) Solutions to Transform Operations
- Descartes Sets Date to Announce Third Quarter Fiscal 2023 Financial Results
- British Retailer Natural Baby Shower Transforms Fulfillment with Descartes Ecommerce Warehouse Solution
