Can Taboola's Israeli Revenue Exposure Weigh On Earnings Results This Season? This Analyst Answers
Portfolio Pulse from Nabaparna Bhattacharya
Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Taboola.Com Ltd. (NASDAQ:TBLA) with a price target of $6. The company is set to release its Q3 results on November 8. Zgutowicz is particularly interested in updates on Yahoo! advertiser migration, core platform yield visibility, commerce-driven revenue expectations, and the financial impact of the Middle East conflict. He also expects to gain insight into customer concentration and the financial impact of likely regional ad campaign pauses. The analyst expects revenues of $338.4 million, with EBITDA of $(16.4) million for the quarter.
November 07, 2023 | 7:49 pm
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Taboola's Q3 results are expected to provide insights into its financial performance and potential impacts from the Middle East conflict. The company's stock is currently trading lower.
The news directly pertains to Taboola and its upcoming Q3 results. The analyst's interest in the impact of the Middle East conflict and other factors on the company's performance indicates potential volatility. However, the Buy rating suggests a positive outlook, despite the stock currently trading lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100