Yext To Gain From Cross-sell Opportunities - Analyst Projects Solid Margin Expansion
Portfolio Pulse from Nabaparna Bhattacharya
Yext, Inc. (NYSE:YEXT) has been upgraded to Buy by Needham analyst Ryan MacDonald, with a price target of $8. The upgrade follows better-than-expected Q2 EPS results and positive FY25 revenue guidance. The Hearsay acquisition is expected to drive margin expansion despite initial dilution, and cross-sell opportunities could boost growth in FY26.
September 05, 2024 | 6:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Yext has been upgraded to Buy by Needham analyst Ryan MacDonald, with a price target of $8. The company reported strong Q2 results and issued positive FY25 revenue guidance. The Hearsay acquisition is expected to contribute to margin expansion and cross-sell opportunities could drive growth in FY26.
The upgrade to Buy and the positive Q2 results, along with the optimistic FY25 guidance, suggest a positive short-term impact on Yext's stock price. The Hearsay acquisition is expected to drive margin expansion and cross-sell opportunities, further supporting the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100