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Coveo Solutions Share Price Target Trimmed to $9.00 at Stifel Canada

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Stifel Canada lowered its price target on the shares of Coveo Solutions (CVO.TO) by $2.00 to $9.00 and reiterated its buy rating after the company reported an inline fiscal fourth-quarter and provided a lighter outlook for fiscal 2027.

According to analyst Suthan Sukumar, the softer outlook speaks to incremental deal-timing uncertainty given growing traction with larger, multi-use-case enterprise deals.

He see conservatism in the F27 guidance, particularly with the arrival of a new sales chief in June and the emerging sovereign AI opportunity (upside to the guide).

"We maintain our Buy rating but lower our target to $9/share on lower estimates. At 1x Sales, risk/reward remains attractive, in our view."

Price: $4.03, Change: $+0.29, Percent Change: +7.75%

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