Coveo Solutions (TSE:CVO) Given New C$11.00 Price Target at Stifel Nicolaus

Coveo Solutions (TSE:CVO) had its target price boosted by investment analysts at Stifel Nicolaus from C$10.00 to C$11.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ target price would indicate a potential upside of 40.13% from the stock’s current price.

Coveo Solutions Stock Performance

CVO stock traded up C$0.19 during midday trading on Wednesday, reaching C$7.85. 490,941 shares of the company’s stock traded hands, compared to its average volume of 125,845. The company has a 50-day moving average price of C$6.43 and a two-hundred day moving average price of C$6.30. The company has a debt-to-equity ratio of 6.05, a quick ratio of 3.14 and a current ratio of 1.71. Coveo Solutions has a 52 week low of C$5.07 and a 52 week high of C$11.80. The firm has a market capitalization of C$422.57 million, a PE ratio of -26.17, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.