KeyBanc analyst Brent Bracelin maintained a Hold rating on Yext Inc (YEXT) yesterday. The company’s shares closed yesterday at $19.12.
Bracelin wrote:
“We are raising our FY20 estimate by $1.3M given the beat but adjusting our quarterly revenue assumptions down slightly to reflect mix SMB fundamentals. Plans to further elevate S&M investments may temper the accounting benefit of ASC 606 to margins and EPS next year.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 28.6% and a 75.6% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Coupa Software Inc, and Salesforce.com.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yext Inc with a $24 average price target.
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The company has a one-year high of $27.19 and a one-year low of $12.90. Currently, Yext Inc has an average volume of 1.07M.
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Yext, Inc. is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform, which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp. It offers the Yext Knowledge Engine package on subscription basis, which has an access to Listings, Pages, Reviews and other features. The Listing feature provides customers with control over their digital presence, including their location and other related attributes published on the used third-party applications. The Pages feature allows customers to establish landing pages on their own websites and to manage digital content on those sites, including calls to action. The Reviews presence enables customers to encourage and facilitate reviews from end consumers. The company was founded by Howard Lerman, Brent Metz, and Brian Distelburger in 2006 and is headquartered in New York, NY.
