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  5. CVO: HI 5I wondering about this company. [Coveo Solutions Inc. Subordinate voting shares]
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Q: HI 5I

wondering about this company. Is it worth taking a small position? what is your outlook for them.

thanks
ken & cindy
Asked by cindy on July 08, 2024
5i Research Answer:

We think CVO is interesting and plays very well into current AI trends. Recent quarterly results were solid however, guidance for 2025 was much lower than consesus estimates which caused the pull back. Numerous banks highlighted strong growth and win rates in the company's genAI offerings. We think it is a decent stock that has good positioning being a direct AI play. It is marching towards profitability and growth is solid, but not very high either. We don't see it as a screaming buy, but we are also fine with having a small position in it for AI exposure and the recent pullback poses a good entry point.  

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