TD Securities Resumes Buy on Descartes Systems (DSGX) with $121 PT, Cites Post-Economy-Improvement Growth Potential

The Descartes Systems Group Inc. (NASDAQ:DSGX) is one of the best NASDAQ growth stocks to buy for the next 5 years. On October 3, TD Securities resumed coverage of Descartes Systems with a Buy rating and price target of $121, which was cut down from $135. TD Securities believes that Descartes is well-positioned for growth once the overall economy improves and customers start spending on tools to manage ongoing trade instability.

TD Securities Resumes Buy on Descartes Systems (DSGX) with $121 PT, Cites Post-Economy-Improvement Growth Potential

In other news, the company’s solution is currently boosting e-commerce efficiency. On October 28, Descartes announced that its e-commerce warehouse management system/WMS is being used by two non-profit organizations to optimize fulfillment while supporting workers with special needs. The organizations are ESPAS, a non-profit foundation in Switzerland focused on labor integration, and Steinehelden, a non-profit company in Germany that operates an online shop for LEGO products.

The Descartes Systems Group Inc. (NASDAQ:DSGX) provides global logistics technology solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions.

While we acknowledge the potential of DSGX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DSGX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.