What's Going On With Yext Stock Friday?
Portfolio Pulse from Dylan Berman
Yext, Inc. (NYSE:YEXT) stock is rising following a Reuters report that the company is considering a sale. The company has hired investment bankers to explore alternatives. Yext is also set to release its fiscal-year first quarter earnings on Monday, with analysts expecting an adjusted EPS of 6 cents and revenue of $96.32 million.
June 07, 2024 | 6:05 pm
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Yext, Inc. stock is up 7.61% following a Reuters report that the company is considering a sale. The company has hired investment bankers to explore alternatives. Additionally, Yext is set to release its fiscal-year first quarter earnings on Monday, with analysts expecting an adjusted EPS of 6 cents and revenue of $96.32 million.
The news of a potential sale is driving the stock price higher as investors anticipate a possible acquisition premium. The upcoming earnings report adds another layer of interest, with positive expectations potentially further boosting the stock.
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