Coveo Solutions Inc. (CVO:CA) is a Canadian-based company specializing in artificial intelligence (AI) platforms that enhance digital experiences through advanced search and personalization capabilities.
The company’s AI solutions are utilized across various sectors, including commerce, service, website, and workplace applications, to deliver individualized and connected user experiences.
Impact of US-China Tariffs on Coveo Solutions:
The recent escalation in trade tensions between the United States and China has led to significant tariff implementations. The U.S. imposed tariffs of up to 125% on Chinese imports, prompting China to retaliate with tariffs reaching 84% on U.S. goods. These developments have raised concerns across various industries, particularly in the technology sector.
Coveo Solutions, primarily operating in Canada and serving clients in the United States and internationally, may experience indirect effects from these tariffs.
While Coveo does not manufacture hardware and is not directly subject to these tariffs, its clients in the U.S. technology sector could face increased costs due to higher tariffs on imported components and equipment.
Moreover, the broader economic implications of a trade war, including potential slowdowns in technology investments and disruptions in global supply chains, could influence the demand for Coveo’s AI platforms.
Read More: China’s Retaliatory Tariffs on U.S. Companies: Key Sectors and Stocks at Risk in 2025
Stock Target Advisor’s Analysis on Coveo Solutions:
As of April 2025, Coveo Solutions has received a consensus “Buy” rating from analysts. The average price target is CAD 11.06, suggesting a potential upside of approximately 111.52% from the current trading price of CAD 5.23.
Stock Target Advisor, however, rates the stock as Neutral, based on 5 positive and 5 negative signals.
Analyst Ratings
The most recent analyst activity for Coveo Solutions has been notably supportive.
- Stifel Nicolaus has reiterated a “Buy” rating multiple times, including a recent upward revision of its target price from CAD 10 to CAD 11.
- TD Securities has also maintained a “Buy” rating, setting a consistent price target of CAD 11.
Conclusion:
While Coveo Solutions is not directly impacted by the U.S.-China reciprocal tariffs, the indirect effects through its client base and the broader economic environment could pose challenges.
Investors should monitor ongoing trade developments and assess their potential implications on Coveo’s market opportunities and financial performance.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
