Yext shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and issued FY25 revenue guidance above estimates. Also, Needham upgraded the stock from Hold to Buy and announced an $8 price target.
Portfolio Pulse from Benzinga Newsdesk
Yext shares rose following a strong Q2 earnings report and positive FY25 revenue guidance. Needham upgraded the stock to Buy with an $8 price target.
September 05, 2024 | 12:16 pm
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POSITIVE IMPACT
Yext's stock price increased due to better-than-expected Q2 earnings and optimistic FY25 revenue guidance. Needham's upgrade to Buy with an $8 price target further supports positive sentiment.
The positive Q2 earnings report and FY25 guidance indicate strong financial performance, which is likely to boost investor confidence. The upgrade by Needham to Buy with a specific price target of $8 adds further credibility and positive sentiment, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100