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Investing.com - RBC Capital has raised its price target on D2L Inc. (TSX:DTOL) to C$21.00 from C$18.00 while maintaining an Outperform rating on the Canadian educational technology company.
The price target increase follows D2L’s second-quarter results, which showed revenue and adjusted earnings per share exceeding both RBC’s expectations and consensus estimates.
RBC Capital attributes the company’s performance to strong momentum in corporate and international markets, along with what it describes as a "stabilizing" U.S. higher education market.
The investment firm acknowledges some continued headwinds for D2L’s fiscal year 2026 but considers these challenges temporary, noting that visibility has improved regarding growth acceleration toward the company’s medium-term targets.
RBC Capital maintains its Outperform rating on D2L stock, citing the company’s discounted valuation and what it views as an attractive long-term opportunity in the educational technology sector.
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