RBC Capital Markets lowered its price target on The Descartes Systems Group Inc. (DSG.TO, DSGX) to US$130 from US$133.

Analyst Paul Treiber maintained an Outperform rating on shares of the Canadian multinational technology company focusing on logistics software and supply chain management.

"Despite the tailwind from increased demand for Descartes' Global Trade Intelligence subscriptions, Q4 revenue and Q1 baseline were lighter than expected," Treiber said in a note to clients.

"Although we're slightly reducing our financial estimates, we believe tariff uncertainty will be a long-term driver of increased uptake of supply chain management software," the analyst said.

"Moreover, the M&A environment remains favourable and we see additional acquisitions as potential catalysts for the stock."

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