FMP
YEXT’s Price Target Cut After Q1 Miss
Jun 11, 2024 5:10 PM - Davit Kirakosyan
Image credit: FMP
DA Davidson analysts reduced their price target for YEXT (NYSE:YEXT) from $7.25 to $5.50, maintaining a Neutral rating, following the company's fiscal Q1/25 earnings report, which met expectations but included a lowered full-year revenue outlook. The company’s stock is currently down 5% intra-day.
YEXT announced the acquisition of Hearsay Systems but also revised its revenue forecast downward. As a result, DA Davidson lowered the 2025 revenue outlook by 1%, reducing the estimate from $400.2 million to $395.5 million.
However, the adjusted EBITDA estimate has been raised from $60.9 million to $66.2 million due to recent cost-cutting measures announced by YEXT. These cost reductions are expected to improve the company's profitability despite the revenue decline.
Other Blogs
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Budget-Friendly Trading Laptops: Maximizing Value without Compromising Performance
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Understanding Profitability Metrics: Exploring ROE, ROA, and Net Profit Margin
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
