Descartes Systems price target raised to $107 from $105 at Stephens

Stephens raised the firm’s price target on Descartes Systems to $107 from $105 and keeps an Overweight rating on the shares after the company reported Q4 adjusted EBITDA that was roughly 2% above the Street expectation. The firm believes the recent strength in organic growth and margin expansion is sustainable, particularly if there is an improvement in the freight market, the analyst tells investors in a post-earnings note.