TD Securities Resumes Coverage of The Descartes Systems Group (DSGX) Stock

The Descartes Systems Group Inc. (NASDAQ:DSGX) is one of the Best Long Term Growth Stocks to Buy Now. On October 2, TD Securities resumed coverage of the company’s stock with a “Buy” rating and price objective of $121, down from the previous target of $135. The firm opines that The Descartes Systems Group Inc. (NASDAQ:DSGX) remains well-placed when the macro backdrop improves and customers start to invest in tools to navigate continued trade volatility. As per the analyst, the recent pullback offers an opportunity to make an investment in a consistent performer that is near its trough valuations. Notably, over the past month, the company’s stock has declined by ~11.6%.

 TD Securities Resumes Coverage of The Descartes Systems Group (DSGX) Stock

Elsewhere, in Q2 2026, The Descartes Systems Group Inc. (NASDAQ:DSGX)’s revenues came in at $179.8 million, reflecting a rise of 10% from $163.4 million in Q2 2025 and 7% compared to Q1 2026. The Global Logistics Network of technology and connected parties is being relied on by shippers, carriers, and logistics services providers. Conestoga Capital Advisors, an asset management company, released its Q2 2025 investor letter. Here is what the fund said:

“Within Technology, The Descartes Systems Group Inc. (NASDAQ:DSGX) and Simulations Plus, Inc. (SLP) were the largest detractors from relative return. DSGX, which provides software services to assist in logistics and global shipping invoice management, fell after announcing a reduction in force as they plan for the impact of global trade uncertainty.”

The Descartes Systems Group Inc. (NASDAQ:DSGX) provides global logistics technology solutions worldwide.

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.