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.
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. provides global logistics technology solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions.
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This article is originally published at Insider Monkey.
