Descartes Systems Group, a multinational technology company specializing in logistics software and supply chain management, saw its stock tumble 8.94% in the pre-market trading session on Thursday. This sharp decline was 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, while maintaining an "Outperform" rating. The analyst cited lighter-than-anticipated Q4 revenue and Q1 baseline as the primary reasons for the downward revision, despite acknowledging the tailwind from increased demand for the company's Global Trade Intelligence subscriptions.

While analysts recognize 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.