Descartes Systems Group (DSGX) Stock Forecast, Price Target & Predictions
DSGX Stock Forecast
Descartes Systems Group stock forecast is as follows: an average price target of $105.00 (represents a -2.14% downside from DSGX’s last price of $107.30) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
DSGX Price Target
The average price target for Descartes Systems Group (DSGX) is $105.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $125.00 to $74.00. This represents a potential -2.14% downside from DSGX's last price of $107.30.
DSGX Analyst Ratings
According to 10 Wall Street analysts, Descartes Systems Group's rating consensus is 'Buy'. The analyst rating breakdown for DSGX stock is 0 'Strong Buy' (0.00%), 7 'Buy' (70.00%), 2 'Hold' (20.00%), 1 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).
Descartes Systems Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Paul Steep | Scotiabank | $120.00 | $106.52 | 12.66% | 11.84% |
| Sep 25, 2024 | John Shao | National Bank | $125.00 | $102.23 | 22.27% | 16.50% |
| Sep 05, 2024 | Raimo Lenschow | Barclays | $88.00 | $98.75 | -10.89% | -17.99% |
| May 31, 2024 | Paul Steep | Scotiabank | $104.00 | $91.00 | 14.29% | -3.08% |
| May 30, 2024 | Stephanie Price | CIBC | $108.00 | $92.20 | 17.14% | 0.65% |
| May 30, 2024 | Thanos Moschopoulos | BMO Capital | $100.00 | $97.60 | 2.46% | -6.80% |
| May 30, 2024 | Justin Long | Stephens | $110.00 | $92.48 | 18.94% | 2.52% |
| May 24, 2024 | Paul Treiber | RBC Capital | $115.00 | $99.01 | 16.15% | 7.18% |
| May 17, 2024 | Raimo Lenschow | Barclays | $87.00 | $97.65 | -10.91% | -18.92% |
| Apr 16, 2024 | Stephanie Price | CIBC | $101.00 | $90.90 | 11.11% | -5.87% |
The latest Descartes Systems Group stock forecast, released on Oct 24, 2024 by Paul Steep from Scotiabank, set a price target of $120.00, which represents a 12.66% increase from the stock price at the time of the forecast ($106.52), and a 11.84% increase from DSGX last price ($107.30).
Descartes Systems Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 10 |
| Avg Price Target | $120.00 | $111.00 | $105.80 |
| Last Closing Price | $107.30 | $107.30 | $107.30 |
| Upside/Downside | 11.84% | 3.45% | -1.40% |
In the current month, the average price target of Descartes Systems Group stock is $120.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 11.84% increase as opposed to Descartes Systems Group's last price of $107.30. This month's average price target is up 8.11% compared to last quarter, and up 13.42% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Oct 24, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Oct 14, 2024 | Barclays | Underweight | Underweight | Hold |
| Oct 09, 2024 | Wolfe Research | Outperform | Outperform | Hold |
| Sep 25, 2024 | National Bank | - | Outperform | Initialise |
| Sep 05, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 05, 2024 | Barclays | Underweight | Underweight | Hold |
| May 31, 2024 | Scotiabank | Outperform | Outperform | Hold |
| May 31, 2024 | Raymond James | Market Perform | Market Perform | Hold |
| May 31, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
Descartes Systems Group's last stock rating was published by Scotiabank on Oct 24, 2024. The company gave DSGX a "Outperform" rating, the same as its previous rate.
Descartes Systems Group Financial Forecast
Descartes Systems Group Revenue Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $125.14M | $121.47M | $123.01M | - | $112.37M | $108.91M | $104.57M | - | $93.41M | $87.51M | $84.05M | - | $84.22M | $83.03M | $80.54M | - | $71.03M | - |
| Avg Forecast | $182.08M | $176.91M | $173.53M | $166.58M | $163.79M | $160.85M | $158.00M | $150.30M | $147.17M | $141.50M | $143.11M | $133.30M | $125.21M | $120.80M | $118.54M | $112.83M | $111.59M | $109.46M | $100.36M | $94.23M | $89.35M | $84.36M | $81.63M | $83.92M | $84.35M | $83.69M | $81.57M | $78.33M | $71.82M | $69.99M |
| High Forecast | $184.37M | $179.15M | $175.72M | $168.68M | $164.34M | $161.03M | $159.99M | $152.20M | $149.03M | $143.28M | $144.91M | $134.98M | $126.79M | $122.27M | $120.04M | $114.25M | $113.00M | $110.84M | $101.63M | $95.42M | $90.48M | $85.43M | $82.66M | $84.98M | $85.42M | $84.75M | $82.60M | $79.32M | $72.73M | $83.99M |
| Low Forecast | $180.51M | $175.39M | $172.04M | $165.15M | $163.22M | $160.67M | $156.64M | $149.01M | $145.91M | $140.28M | $141.88M | $132.15M | $124.14M | $118.86M | $116.69M | $111.07M | $109.85M | $107.75M | $98.79M | $92.76M | $87.96M | $83.04M | $80.36M | $82.61M | $83.04M | $82.39M | $80.30M | $77.11M | $70.70M | $56.00M |
| # Analysts | 2 | 1 | 1 | 1 | 4 | 5 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 9 | 10 | 14 | 14 | 8 | 8 | 8 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.04% | - | 1.01% | 1.00% | 1.04% | - | 1.05% | 1.04% | 1.03% | - | 1.00% | 0.99% | 0.99% | - | 0.99% | - |
Descartes Systems Group's average Quarter revenue forecast for May 23 based on 2 analysts is $133.30M, with a low forecast of $132.15M, and a high forecast of $134.98M. DSGX's average Quarter revenue forecast represents a 6.52% increase compared to the company's last Quarter revenue of $125.14M (Jan 23).
Descartes Systems Group EBITDA Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 4 | 5 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 9 | 10 | 14 | 14 | 8 | 8 | 8 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $51.79M | $50.90M | $50.22M | - | $42.48M | $44.59M | $42.38M | - | $37.32M | $33.73M | $30.57M | - | $30.59M | $29.38M | $28.30M | - | $22.50M | - |
| Avg Forecast | $71.68M | $69.65M | $68.32M | $65.58M | $64.48M | $63.32M | $62.20M | $55.69M | $57.94M | $55.71M | $56.34M | $50.62M | $39.62M | $47.56M | $46.67M | $46.02M | $43.93M | $43.09M | $39.51M | $27.99M | $35.18M | $33.21M | $32.14M | $30.59M | $33.21M | $32.95M | $32.11M | $24.55M | $28.28M | $21.30M |
| High Forecast | $72.58M | $70.53M | $69.18M | $66.41M | $64.70M | $63.39M | $62.99M | $66.82M | $58.67M | $56.41M | $57.05M | $60.75M | $47.54M | $48.14M | $47.26M | $55.23M | $44.49M | $43.64M | $40.01M | $33.59M | $35.62M | $33.63M | $32.54M | $36.71M | $33.63M | $33.36M | $32.52M | $29.46M | $28.63M | $25.56M |
| Low Forecast | $71.06M | $69.05M | $67.73M | $65.02M | $64.26M | $63.25M | $61.67M | $44.55M | $57.44M | $55.23M | $55.86M | $40.50M | $31.69M | $46.80M | $45.94M | $36.82M | $43.25M | $42.42M | $38.89M | $22.39M | $34.63M | $32.69M | $31.64M | $24.47M | $32.69M | $32.43M | $31.61M | $19.64M | $27.83M | $17.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | 1.07% | 1.08% | - | 0.97% | 1.03% | 1.07% | - | 1.06% | 1.02% | 0.95% | - | 0.92% | 0.89% | 0.88% | - | 0.80% | - |
2 analysts predict DSGX's average Quarter EBITDA for May 23 to be $50.62M, with a high of $60.75M and a low of $40.50M. This is -2.25% lower than Descartes Systems Group's previous annual EBITDA (Jan 23) of $51.79M.
Descartes Systems Group Net Income Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 4 | 5 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 9 | 10 | 14 | 14 | 8 | 8 | 8 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $29.75M | $26.47M | $22.90M | - | $19.19M | $25.49M | $23.18M | - | $17.20M | $13.31M | $10.54M | - | $11.44M | $9.67M | $8.57M | - | $7.89M | - |
| Avg Forecast | $44.14M | $42.36M | $40.14M | $37.81M | $36.97M | $35.14M | $33.36M | $25.16M | $32.52M | $28.74M | $29.24M | $22.87M | $15.63M | $23.40M | $23.72M | $20.79M | $21.65M | $21.83M | $21.05M | $12.90M | $13.81M | $11.66M | $10.99M | $11.44M | $10.97M | $10.17M | $7.18M | $8.61M | $9.76M | $7.33M |
| High Forecast | $44.86M | $43.05M | $40.80M | $38.43M | $37.58M | $35.93M | $33.54M | $30.19M | $33.03M | $29.21M | $29.72M | $27.45M | $18.76M | $23.78M | $24.11M | $24.95M | $22.00M | $22.18M | $21.39M | $15.48M | $14.03M | $11.85M | $11.18M | $13.73M | $11.15M | $10.34M | $7.30M | $10.33M | $9.92M | $8.80M |
| Low Forecast | $43.65M | $41.88M | $39.69M | $37.39M | $36.17M | $33.54M | $33.19M | $20.13M | $32.00M | $28.42M | $28.92M | $18.30M | $12.51M | $22.92M | $23.24M | $16.63M | $21.21M | $21.38M | $20.62M | $10.32M | $13.53M | $11.42M | $10.77M | $9.15M | $10.75M | $9.97M | $7.04M | $6.89M | $9.56M | $5.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.90% | 1.13% | 0.97% | - | 0.89% | 1.17% | 1.10% | - | 1.25% | 1.14% | 0.96% | - | 1.04% | 0.95% | 1.19% | - | 0.81% | - |
Descartes Systems Group's average Quarter net income forecast for May 23 is $22.87M, with a range of $18.30M to $27.45M. DSGX's average Quarter net income forecast represents a -23.12% decrease compared to the company's last Quarter net income of $29.75M (Jan 23).
Descartes Systems Group SG&A Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 4 | 5 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 9 | 10 | 14 | 14 | 8 | 8 | 8 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $27.46M | $26.93M | $27.02M | - | $23.76M | $23.39M | $22.18M | - | $20.62M | $9.47M | $17.75M | - | $19.59M | $18.55M | $18.26M | - | $17.09M | - |
| Avg Forecast | $39.71M | $38.58M | $37.84M | $36.33M | $35.72M | $35.08M | $34.46M | $31.15M | $32.09M | $30.86M | $31.21M | $28.32M | $11.13M | $26.34M | $25.85M | $25.74M | $24.34M | $23.87M | $21.89M | $15.46M | $19.49M | $18.40M | $17.80M | $19.59M | $18.40M | $18.25M | $17.79M | $18.65M | $15.66M | $17.67M |
| High Forecast | $40.21M | $39.07M | $38.32M | $36.79M | $35.84M | $35.12M | $34.89M | $37.38M | $32.50M | $31.25M | $31.60M | $33.98M | $13.35M | $26.66M | $26.18M | $30.89M | $24.64M | $24.17M | $22.16M | $18.56M | $19.73M | $18.63M | $18.03M | $23.51M | $18.63M | $18.48M | $18.01M | $22.38M | $15.86M | $21.20M |
| Low Forecast | $39.36M | $38.25M | $37.52M | $36.01M | $35.60M | $35.04M | $34.16M | $24.92M | $31.82M | $30.59M | $30.94M | $22.66M | $8.90M | $25.92M | $25.45M | $20.60M | $23.96M | $23.50M | $21.54M | $12.37M | $19.18M | $18.11M | $17.52M | $15.68M | $18.11M | $17.97M | $17.51M | $14.92M | $15.42M | $14.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.47% | 1.02% | 1.05% | - | 0.98% | 0.98% | 1.01% | - | 1.06% | 0.51% | 1.00% | - | 1.07% | 1.02% | 1.03% | - | 1.09% | - |
Descartes Systems Group's average Quarter SG&A projection for May 23 is $28.32M, based on 2 Wall Street analysts, with a range of $22.66M to $33.98M. The forecast indicates a 3.13% rise compared to DSGX last annual SG&A of $27.46M (Jan 23).
Descartes Systems Group EPS Forecast
| Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | May 19 | Jan 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 4 | 5 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 9 | 9 | 10 | 14 | 14 | 8 | 8 | 8 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.31 | $0.27 | - | $0.23 | $0.30 | $0.27 | - | $0.20 | $0.16 | $0.13 | - | $0.14 | $0.11 | $0.11 | - | $0.10 | - |
| Avg Forecast | $0.51 | $0.49 | $0.46 | $0.43 | $0.42 | $0.40 | $0.38 | $0.39 | $0.37 | $0.33 | $0.34 | $0.33 | $0.29 | $0.27 | $0.27 | $0.25 | $0.25 | $0.25 | $0.24 | $0.18 | $0.16 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.08 | $0.13 | $0.11 | $0.11 |
| High Forecast | $0.51 | $0.49 | $0.47 | $0.44 | $0.43 | $0.41 | $0.38 | $0.40 | $0.38 | $0.33 | $0.34 | $0.33 | $0.30 | $0.27 | $0.28 | $0.26 | $0.25 | $0.25 | $0.25 | $0.18 | $0.16 | $0.14 | $0.13 | $0.13 | $0.13 | $0.12 | $0.08 | $0.14 | $0.11 | $0.13 |
| Low Forecast | $0.50 | $0.48 | $0.45 | $0.43 | $0.41 | $0.38 | $0.38 | $0.39 | $0.37 | $0.33 | $0.33 | $0.33 | $0.29 | $0.26 | $0.27 | $0.25 | $0.24 | $0.25 | $0.24 | $0.17 | $0.16 | $0.13 | $0.12 | $0.12 | $0.12 | $0.11 | $0.08 | $0.13 | $0.11 | $0.09 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.16% | 0.99% | - | 0.93% | 1.20% | 1.12% | - | 1.29% | 1.20% | 1.03% | - | 1.08% | 0.94% | 1.34% | - | 0.91% | - |
According to 2 Wall Street analysts, Descartes Systems Group's projected average Quarter EPS for May 23 is $0.33, with a low estimate of $0.33 and a high estimate of $0.33. This represents a -5.90% decrease compared to DSGX previous annual EPS of $0.35 (Jan 23).
Descartes Systems Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EXFY | Expensify | $1.84 | $13.75 | 647.28% | Buy |
| PRO | PROS | $20.73 | $32.67 | 57.60% | Buy |
| ENV | Envestnet | $62.79 | $67.86 | 8.07% | Hold |
| BSY | Bentley Systems | $49.05 | $53.00 | 8.05% | Buy |
| SSNC | SS&C Technologies | $70.77 | $75.50 | 6.68% | Buy |
| AZPN | Aspen | $237.59 | $250.00 | 5.22% | Buy |
| MANH | Manhattan Associates | $266.64 | $276.57 | 3.72% | Buy |
| CWAN | Clearwater Analytics | $26.31 | $26.33 | 0.08% | Buy |
| DSGX | Descartes Systems Group | $107.30 | $105.00 | -2.14% | Buy |
| BLKB | Blackbaud | $76.69 | $74.33 | -3.08% | Buy |
| TYL | Tyler | $600.61 | $558.00 | -7.09% | Buy |
| MLNK | MeridianLink | $23.09 | $20.00 | -13.38% | Buy |
DSGX Forecast FAQ
Is Descartes Systems Group a good buy?
Yes, according to 10 Wall Street analysts, Descartes Systems Group (DSGX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 70.00% of DSGX's total ratings.
What is DSGX's price target?
Descartes Systems Group (DSGX) average price target is $105 with a range of $74 to $125, implying a -2.14% from its last price of $107.3. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Descartes Systems Group stock go up soon?
According to Wall Street analysts' prediction for DSGX stock, the company can go down by -2.14% (from the last price of $107.3 to the average price target of $105), up by 16.50% based on the highest stock price target, and down by -31.03% based on the lowest stock price target.
Can Descartes Systems Group stock reach $200?
DSGX's average twelve months analyst stock price target of $105 does not support the claim that Descartes Systems Group can reach $200 in the near future.
What is Descartes Systems Group's current price target trend?
1 Wall Street analyst forecast a $120 price target for Descartes Systems Group (DSGX) this month, up 11.84% from its last price of $107.3. Compared to the last 3 and 12 months, the average price target increased by 3.45% and decreased by -1.40%, respectively.
What are Descartes Systems Group's analysts' financial forecasts?
Descartes Systems Group's analysts financial forecasts for the fiscal year (Jan 2025) are as follows: average revenue is $632.94M (high $637.56M, low $629.55M), average EBITDA is $245.69M (high $257.9M, low $233.73M), average net income is $130.63M (high $137.24M, low $123.03M), average SG&A $136.4M (high $143.23M, low $129.71M), and average EPS is $1.6 (high $1.62, low $1.57). DSGX's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $699.1M (high $707.92M, low $693.09M), average EBITDA is $275.23M (high $278.7M, low $272.86M), average net income is $164.45M (high $167.14M, low $162.61M), average SG&A $152.46M (high $154.38M, low $151.15M), and average EPS is $1.88 (high $1.92, low $1.86).
Did the DSGX's actual financial results beat the analysts' financial forecasts?
Based on Descartes Systems Group's last annual report (Jan 2023), the company's revenue was $486.01M, beating the average analysts forecast of $477.38M by 1.81%. Apple's EBITDA was $201.28M, beating the average prediction of $179.86M by 11.91%. The company's net income was $102.24M, beating the average estimation of $83.55M by 22.36%. Apple's SG&A was $106.28M, beating the average forecast of $89.07M by 19.33%. Lastly, the company's EPS was $1.21, beating the average prediction of $1.09 by 11.49%. In terms of the last quarterly report (Jan 2023), Descartes Systems Group's revenue was $125.14M, missing the average analysts' forecast of $125.21M by -0.06%. The company's EBITDA was $51.79M, beating the average prediction of $39.62M by 30.72%. Descartes Systems Group's net income was $29.75M, beating the average estimation of $15.63M by 90.31%. The company's SG&A was $27.46M, beating the average forecast of $11.13M by 146.75%. Lastly, the company's EPS was $0.35, beating the average prediction of $0.293 by 19.42%