Descartes Acquires Sellercloud

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Go back to Descartes Acquires Sellercloud

Barclays Reiterates Underweight Rating on Descartes (DSGX)

October 14, 2024 10:58 AM EDT

Barclays analyst Raimo Lenschow reiterated an Underweight rating and $88.00 price target on Descartes (NASDAQ: DSGX).

The analyst comments "The following companies are privately held and are not under coverage by Barclays Research: Sellercloud.Information about these companies is being provided for information purposes only and is not an investment recommendation by Barclays Research. This morning, Descartes announced its acquisition of Sellercloud (private, not covered), an SMBfocused omnichannel ecommerce solution for approximately $110mn in cash, with the potential for an... More