Descartes Systems Group, a multinational technology company specializing in logistics software and supply chain management, saw its stock plummet 14.58% in the pre-market trading session on Thursday.

The sharp decline was primarily driven by analysts lowering their price targets and expressing concerns over the company's weaker-than-expected revenue and guidance. RBC Capital Markets, a prominent research firm, trimmed its price target on Descartes Systems Group from $133 to $130, citing lighter-than-anticipated Q4 revenue and Q1 baseline as the primary reasons for the downward revision.

While analysts acknowledge the potential long-term growth drivers for Descartes, such as tariff uncertainty boosting the demand for supply chain management software and a favorable M&A environment, the near-term outlook appears clouded by the underwhelming financial performance and guidance. The analyst at RBC Capital Markets maintained an "Outperform" rating on the stock, suggesting that the company's prospects remain favorable despite the current challenges.