Kinaxis Inc (TSX: KXS), the Technology company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Stephanie Price from CIBC rated Kinaxis Inc (TSX: KXS) a Buy, setting a C$107 price target.
Price has an average return of 13.4% when recommending Kinaxis Inc.
According to TipRanks.com, Price is ranked #1141 out of 4866 analysts.
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Currently, the analyst consensus on Kinaxis Inc is a Strong Buy with an average price target of C$102.89, representing a 7.0% upside. In a report issued on August 24, Canaccord Genuity also maintained a Buy rating on the stock with a C$100 price target.
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The company has a one-year high of C$100.68 and a one-year low of C$63.15. Currently, Kinaxis Inc has an average volume of 72.42K.
Kinaxis, Inc. engages in the provision of cloud-based subscription software. Its product is RapidResponse, which provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning. The company was founded by Duncan Klett in 1984 and is headquartered in Ottawa, Canada.
The company’s shares closed on Friday at C$96.20, close to its 52-week high of C$100.68.
