Outbrain's Onyx Platform Will Attract New Clients Delivering Premium Revenue Share, Bullish Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Laura Martin reiterated a Buy rating on Outbrain Inc. (NASDAQ:OB), raising the price target to $6.50 from $5.50. Martin projects a larger total addressable market for Outbrain, banking on the new Onyx platform. The Onyx platform is expected to attract new clients and command a premium revenue share. For Q2, the analyst expects revenues of $55 million. For FY23, Martin projects OB's revenues to grow 0.9% Y/Y to $237 million, with an EPS loss of ($0.18). FY24 revenues are projected to grow 15.6% to $274 million, with EPS of $0.03.

July 24, 2023 | 6:22 pm
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Outbrain's new Onyx platform is expected to attract new clients and command a premium revenue share, leading to a raised price target by Needham analyst. FY23 revenues are projected to grow 0.9% Y/Y to $237 million.
The news is directly about Outbrain and its new Onyx platform. The raised price target and projected revenue growth indicate positive expectations for the company's performance, which could positively impact the stock price in the short term.
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