Descartes Systems Group (DSGX) surged 6.80% during Thursday's intraday trading, marking a significant uptick for the Canadian software company.
The rally follows an upgrade by Raymond James, which raised its rating to Outperform from Market Perform, citing rebounding organic growth in services (~7% at constant currency) and robust EBITDA margins (~46%). Analyst Steven Li noted Descartes' attractive valuation and potential upside as freight markets recover, with positive indicators from recent Black Friday/Cyber Monday sales.