D2L Inc. Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, D2L Inc. stock has a consensus rating of "Buy" and an average price target of $12.98. The average 1-year stock price forecast is 28.26% higher than the current stock price, while the lowest is $9.53 (-5.83%) and the highest is $15.07 (+48.91%).

Price Target: $12.98 (+28.26%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$9.53	$12.98	$13.06	$15.07
Change	-5.83%	+28.26%	+29.05%	+48.91%

Analyst Ratings

The average analyst rating for D2L Inc. stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	3	2	2	2	2
Buy	4	3	3	3	4	4
Hold	1	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	8	8	7	7	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Paul Treiber RBC Capital	RBC Capital	Buy Maintains $15.00	Buy	Maintains	$15.00	+48.22%	Jun 5, 2026
Erin Kyle CIBC	CIBC	Buy Maintains $15.00	Buy	Maintains	$15.00	+48.22%	Apr 7, 2026
John Shao TD Cowen	TD Cowen	Buy Maintains $22.00 → $13.00	Buy	Maintains	$22.00 → $13.00	+28.46%	Apr 6, 2026
Suthan Sukumar Stifel Nicolaus	Stifel Nicolaus	Hold Maintains $12.75 → $9.50	Hold	Maintains	$12.75 → $9.50	-6.13%	Apr 6, 2026
Unknown Analyst ATB Cormark Capital Markets No rating	ATB Cormark Capital Markets	Buy Maintains $14.00 → $13.00	Buy	Maintains	$14.00 → $13.00	+28.46%	Apr 6, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

233.16M

from 217.47M

7.22%

from 217.47M

Revenue Next Year

255.45M

from 233.16M

9.56%

from 233.16M

EPS This Year

0.36

from 0.36

-0.56%

from 0.36

EPS Next Year

0.61

from 0.36

72.77%

from 0.36

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 31, 2022	Jan 31, 2023	Jan 31, 2024	Jan 31, 2025	Jan 31, 2026	Jan 31, 2027
Revenue	151.88M	168.40M	182.38M	205.28M	217.47M	233.16M
Revenue Growth	20.19%	10.88%	8.30%	12.55%	5.94%	7.22%
Gross Profit	87.95M	107.77M	122.20M	139.96M	148.93M	164.33M
Gross Margin	57.91%	64.00%	67.00%	68.18%	68.48%	70.48%
Operating Income	-74.71M	-15.93M	-7.11M	6.20M	12.56M	23.07M
Net Income	-97.65M	-18.38M	-3.54M	25.72M	8.96M	15.30M
EPS	-	-	-	-	0.36	0.36
EPS Growth	-	-	-	-	-25.53%	-0.56%
Forward PE	-	-	101.97	40.24	23.71	20.16
Free Cash Flow	31.16M	877.55K	11.94M	23.63M	37.82M	36.54M
No. Analysts	-	-	-	-	-	8

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2027	2028	2029
High	235.0M
Avg	233.2M
Low	231.4M

Revenue Growth

Revenue Growth	2027	2028	2029
High	8.1%
Avg	7.2%
Low	6.4%

EPS Forecast

EPS	2027	2028	2029
High	0.47
Avg	0.36
Low	0.24

EPS Growth

EPS Growth	2027	2028	2029
High	31.7%
Avg	-0.6%
Low	-32.8%