Descartes Showcases Supply Chain and Logistics Technology Innovations at 2024 Innovation Forum
Written by Emily J. Thompson, Senior Investment Analyst
0mins
Source: Newsfilter
Event Announcement: Descartes Systems Group will showcase its latest logistics technology innovations at the 2024 Innovation Forum from October 8-10 in Chicago, focusing on transportation management, routing, and freight solutions to enhance supply chain efficiency and security.
Technology Fair and Community Support: The event will feature a Technology Fair for hands-on experience with new software solutions, and Descartes plans to donate equipment used during the forum to local schools to support educational goals.
Analyst Views on DSGX
Wall Street analysts forecast DSGX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DSGX is 112.80 USD with a low forecast of 95.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 81.870
Low
95.00
Averages
112.80
High
126.00
Current: 81.870
Low
95.00
Averages
112.80
High
126.00
About DSGX
The Descartes Systems Group Inc. is focused on logistics and supply chain management business processes. It provides on-demand, software-as-a-service (SaaS) solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. It allows customers to use its modular, SaaS solutions to route, track and help improve the safety, compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete other logistics processes by participating in the multimodal logistics community. Its solutions include cloud-based and consist of B2B service connectivity and messaging, broker and forwarder enterprise systems, global trade intelligence, regulatory compliance, e-commerce shipping, transportation management and routing. It also provides customs declaration software for logistics services providers and shippers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
