Coveo Solutions (CVO) Stock Overview
Provides software-as-a-service artificial intelligence (AI) platform in Canada, the United States, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CVO Community Fair Values
Create NarrativeSee what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Coveo Solutions Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$4.64 |
| 52 Week High | CA$9.53 |
| 52 Week Low | CA$3.59 |
| Beta | 1.19 |
| 1 Month Change | 1.31% |
| 3 Month Change | -12.78% |
| 1 Year Change | -35.64% |
| 3 Year Change | -42.43% |
| 5 Year Change | n/a |
| Change since IPO | -71.36% |
Recent News & Updates
Narrative Update • May 30
CVO: Future Upside Will Rely On Delivering Sovereign AI And Margin Expansion
Coveo Solutions' updated analyst price target moves lower to around CA$6.68 from about CA$8.38, reflecting analysts' revised assumptions for revenue growth, profit margins and future P/E, as well as recent cuts in official price targets to CA$9, CA$6.50 and CA$6. Analyst Commentary Recent research updates around Coveo Solutions point to a reset in expectations, with multiple firms lowering their price targets while maintaining positive stock ratings.
Narrative Update • May 12
CVO: AI Partnerships And Commerce Expansion Will Support Future Upside
Analysts have slightly reduced their fair value estimate for Coveo Solutions to CA$11.08 from CA$11.13 as they incorporate updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News Milestone Systems selected the Coveo AI Relevance Platform to power website search and content relevance, aiming to help customers find product information, solutions guidance, and learning resources across a growing content catalog (Client announcement).Narrative Update • Apr 28
CVO: Future Upside Will Depend On Executing Sovereign AI And Margin Plans
Analysts have trimmed their average Coveo Solutions price target by CA$0.63 as several firms reduced their targets, citing updated assumptions around fair value, P/E multiples, revenue growth and profit margins. Analyst Commentary Bullish Takeaways Bullish analysts trimming targets by C$1 to C$2.50 still reference fair value frameworks that support upside potential relative to current trading levels, even after factoring in more conservative assumptions.Recent updates
Narrative Update • May 30
CVO: Future Upside Will Rely On Delivering Sovereign AI And Margin Expansion
Coveo Solutions' updated analyst price target moves lower to around CA$6.68 from about CA$8.38, reflecting analysts' revised assumptions for revenue growth, profit margins and future P/E, as well as recent cuts in official price targets to CA$9, CA$6.50 and CA$6. Analyst Commentary Recent research updates around Coveo Solutions point to a reset in expectations, with multiple firms lowering their price targets while maintaining positive stock ratings.Narrative Update • May 12
CVO: AI Partnerships And Commerce Expansion Will Support Future Upside
Analysts have slightly reduced their fair value estimate for Coveo Solutions to CA$11.08 from CA$11.13 as they incorporate updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News Milestone Systems selected the Coveo AI Relevance Platform to power website search and content relevance, aiming to help customers find product information, solutions guidance, and learning resources across a growing content catalog (Client announcement).Narrative Update • Apr 28
CVO: Future Upside Will Depend On Executing Sovereign AI And Margin Plans
Analysts have trimmed their average Coveo Solutions price target by CA$0.63 as several firms reduced their targets, citing updated assumptions around fair value, P/E multiples, revenue growth and profit margins. Analyst Commentary Bullish Takeaways Bullish analysts trimming targets by C$1 to C$2.50 still reference fair value frameworks that support upside potential relative to current trading levels, even after factoring in more conservative assumptions.Narrative Update • Apr 14
CVO: AI Execution And Margin Progress Will Support Future Upside
Analysts have nudged their fair value estimate for Coveo Solutions to CA$11.13 from CA$11.04, reflecting updated views on growth, margins and P/E assumptions following recent reductions in published price targets by several firms. Analyst Commentary Recent price target revisions for Coveo Solutions have mostly centered on recalibrating expectations, with several firms adjusting their numbers while still referencing the same core drivers that feed into the updated CA$11.13 fair value estimate.
Narrative Update • Mar 30
CVO: AI Partnerships And Buybacks Will Support Upside Despite Cautious Sentiment
Analysts have trimmed their average price target on Coveo Solutions by CA$1 to reflect updated assumptions around fair value, discount rates and profitability, following recent target reductions from BMO Capital, TD Securities and Stifel. Analyst Commentary Bearish analysts have responded to recent developments by cutting their formal price targets on Coveo Solutions, signalling a more cautious stance on the stock’s risk and reward profile.Narrative Update • Mar 16
CVO: Future Upside Will Rely On Execution Of Sovereign AI Partnership
Analysts have trimmed their average price target on Coveo Solutions by CA$0.37, reflecting updated views on fair value, discount rates, growth assumptions and margins following recent target reductions from several firms. Analyst Commentary Recent target cuts from several firms point to a more conservative stance on Coveo Solutions, with analysts refining their views on valuation, growth, and execution risk rather than making wholesale changes to their overall thesis.Narrative Update • Mar 02
CVO: Future Upside Will Rely On AI Execution In Federal Partnership
Analysts have trimmed their average Coveo Solutions price target by about CA$0.15. The change reflects updated views on fair value, discount rates and expected profit margins following recent target cuts from Stifel, BMO Capital and TD Securities.Narrative Update • Feb 16
CVO: AI Progress And Buybacks Will Support Future Upside
Analysts have trimmed their average price target on Coveo Solutions by approximately CA$2, citing slightly more cautious assumptions on revenue growth and valuation multiples, while expectations for firmer profit margins partly offset these changes. Analyst Commentary Even with the lower price targets, bullish analysts still see a constructive setup for Coveo Solutions, pointing to a mix of execution, margin potential, and growth optionality that they believe is not fully captured in recent target trims of C$1 to C$2.50.Narrative Update • Feb 02
CVO: Long-Term Upside Will Depend On AI Execution With Government Partnerships
Analysts have trimmed their price targets on Coveo Solutions by about C$1 to C$2.50, reflecting updated views on fair value, slight adjustments to discount rates, and refreshed assumptions for revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research updates on Coveo Solutions point to a more measured stance on valuation, with price targets reduced by C$1 to C$2.50.Analysis Article • Feb 01
Coveo Solutions Inc. (TSE:CVO) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
There's been a notable change in appetite for Coveo Solutions Inc. ( TSE:CVO ) shares in the week since its...Narrative Update • Jan 19
CVO: AI Adoption Wins And Buybacks Will Support Future Upside
Analysts have trimmed their average price targets for Coveo Solutions to a range of about C$9 to C$11, down from prior levels near C$11.50 to C$13, citing updated views on fair value, discount rates, growth expectations and profit margins that are reflected in slightly adjusted revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research updates show that while price targets for Coveo Solutions have been reduced, some bullish analysts still see room for upside relative to current levels, reflecting continued confidence in the company’s ability to execute on its plan.Analysis Article • Jan 12
Estimating The Fair Value Of Coveo Solutions Inc. (TSE:CVO)
Key Insights Coveo Solutions' estimated fair value is CA$6.66 based on 2 Stage Free Cash Flow to Equity Coveo...Narrative Update • Jan 05
CVO: Balanced Outlook Will Weigh Execution Risks Against AI And Buyback Tailwinds
Analysts have trimmed their price targets on Coveo Solutions, with recent cuts to C$11 and C$9 contributing to a lower implied fair value of about $6.39, down from roughly $7.97. This shift reflects more cautious assumptions on revenue growth, profit margins and future P/E multiples.Narrative Update • Dec 17
CVO: AI Demand And Cost Discipline Will Drive Shares Higher
Analysts have trimmed their price targets on Coveo Solutions, with the average moving lower in line with reduced fair value estimates to roughly C$13 from about C$15. They cite a slightly higher discount rate and more conservative profitability assumptions, despite firmer revenue growth expectations.Narrative Update • Dec 03
CVO: Long-Term Upside Will Emerge From AI Platform Execution And Adoption
Analysts have trimmed their price targets on Coveo Solutions, with estimates moving down from a range centered around approximately C$12 to closer to C$10. They cite a more cautious stance on the company’s near term performance, while still maintaining a generally constructive longer term view.Narrative Update • Nov 19
CVO: Long-Term Opportunity Will Emerge From Revenue Recovery And Product Development
The consensus analyst price target for Coveo Solutions has decreased slightly, dropping from approximately C$10.41 to C$10.16. This reflects revised expectations for growth and profitability as analysts cite recent adjustments in revenue growth forecasts and margin outlooks.Analysis Article • Nov 04
Why Investors Shouldn't Be Surprised By Coveo Solutions Inc.'s (TSE:CVO) 27% Share Price Plunge
To the annoyance of some shareholders, Coveo Solutions Inc. ( TSE:CVO ) shares are down a considerable 27% in the last...Narrative Update • Nov 03
CVO: New AI-Powered Capabilities Will Drive Market Expansion Opportunities
Coveo Solutions Price Target Lowered Amid Analyst Downgrade Analysts have reduced their price target for Coveo Solutions from C$11.50 to C$9, citing slightly lower growth and profitability expectations as reasons for the revised outlook. Analyst Commentary The recent analyst actions on Coveo Solutions have led to a reassessment of the company's outlook.Analysis Article • Oct 02
Are Coveo Solutions Inc. (TSE:CVO) Investors Paying Above The Intrinsic Value?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Coveo Solutions fair value estimate is CA$6.32 Current share...Analysis Article • Jul 22
Is It Too Late To Consider Buying Coveo Solutions Inc. (TSE:CVO)?
Coveo Solutions Inc. ( TSE:CVO ), is not the largest company out there, but it saw a significant share price rise of...Analysis Article • May 16
Optimistic Investors Push Coveo Solutions Inc. (TSE:CVO) Shares Up 25% But Growth Is Lacking
Coveo Solutions Inc. ( TSE:CVO ) shareholders are no doubt pleased to see that the share price has bounced 25% in the...
New Narrative • Mar 29
Generative AI And Commerce Will Unlock Future Markets
Strategic partnerships and AI growth momentum enhance Coveo's market reach and revenue potential, optimizing conversions and profitability.Analysis Article • Feb 12
Pinning Down Coveo Solutions Inc.'s (TSE:CVO) P/S Is Difficult Right Now
With a median price-to-sales (or "P/S") ratio of close to 3.4x in the Software industry in Canada, you could be...Analysis Article • Dec 11
Coveo Solutions Inc.'s (TSE:CVO) Intrinsic Value Is Potentially 68% Above Its Share Price
Key Insights Coveo Solutions' estimated fair value is CA$11.17 based on 2 Stage Free Cash Flow to Equity Coveo...Analysis Article • Nov 07
Coveo Solutions Inc. (TSE:CVO) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
The investors in Coveo Solutions Inc. 's ( TSE:CVO ) will be rubbing their hands together with glee today, after the...Analysis Article • Nov 06
Optimistic Investors Push Coveo Solutions Inc. (TSE:CVO) Shares Up 27% But Growth Is Lacking
The Coveo Solutions Inc. ( TSE:CVO ) share price has done very well over the last month, posting an excellent gain of...Analysis Article • Aug 08
Coveo Solutions Inc.'s (TSE:CVO) Popularity With Investors Under Threat As Stock Sinks 27%
The Coveo Solutions Inc. ( TSE:CVO ) share price has fared very poorly over the last month, falling by a substantial...Analysis Article • Jun 07
CA$11.34: That's What Analysts Think Coveo Solutions Inc. (TSE:CVO) Is Worth After Its Latest Results
Shareholders might have noticed that Coveo Solutions Inc. ( TSE:CVO ) filed its yearly result this time last week. The...Analysis Article • Apr 20
We're Not Worried About Coveo Solutions' (TSE:CVO) Cash Burn
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Analysis Article • Feb 10
Coveo Solutions Inc. (TSE:CVO) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
Coveo Solutions Inc. ( TSE:CVO ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Jan 11
We're Interested To See How Coveo Solutions (TSE:CVO) Uses Its Cash Hoard To Grow
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...Analysis Article • Nov 24
Is Now An Opportune Moment To Examine Coveo Solutions Inc. (TSE:CVO)?
While Coveo Solutions Inc. ( TSE:CVO ) might not be the most widely known stock at the moment, it saw a double-digit...Analysis Article • Oct 09
We Think Coveo Solutions (TSE:CVO) Can Easily Afford To Drive Business Growth
Just because a business does not make any money, does not mean that the stock will go down. For example, although...Shareholder Returns
| CVO | CA Software | CA Market | |
|---|---|---|---|
| 7D | -5.9% | 3.2% | -0.4% |
| 1Y | -35.6% | -36.1% | 32.1% |
Return vs Industry: CVO matched the Canadian Software industry which returned -36.1% over the past year.
Return vs Market: CVO underperformed the Canadian Market which returned 32.1% over the past year.
Price Volatility
| CVO volatility | |
|---|---|
| CVO Average Weekly Movement | 9.6% |
| Software Industry Average Movement | 10.4% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.8% |
Stable Share Price: CVO has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: CVO's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 745 | Laurent Simoneau | www.coveo.com |
Coveo Solutions Inc. provides software-as-a-service artificial intelligence (AI) platform in Canada, the United States, and internationally. The company offers Coveo AI-Relevance Platform that powers search, recommendations, and generative answering in digital experiences across commerce, service, website, and workplace applications. Its AI-Relevance platform includes Coveo Relevance Generative Answering (CRGA) capability integrates large language models technology with Coveo's platform to feed generative AI with a common, secure unified index, and real-time content.
Coveo Solutions Inc. Fundamentals Summary
| CVO fundamental statistics | |
|---|---|
| Market cap | CA$374.84m |
| Earnings (TTM) | -CA$39.96m |
| Revenue (TTM) | CA$205.28m |
2.1x
P/S Ratio-10.8x
P/E RatioIs CVO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CVO income statement (TTM) | |
|---|---|
| Revenue | US$148.34m |
| Cost of Revenue | US$32.67m |
| Gross Profit | US$115.67m |
| Other Expenses | US$144.55m |
| Earnings | -US$28.88m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.31 |
| Gross Margin | 77.98% |
| Net Profit Margin | -19.47% |
| Debt/Equity Ratio | 0% |
How did CVO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/01 10:18 |
| End of Day Share Price | 2026/06/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Coveo Solutions Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thanos Moschopoulos | BMO Capital Markets Equity Research |
| Koji Ikeda | BofA Global Research |
| Douglas Taylor | Canaccord Genuity |