In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on Yext Inc (YEXT), with a price target of $30.
Khan said:
“We view Yext’s new integration with Adobe products positively for the former, given the boost to its customer value proposition as well as cross-sell potential across Adobe’s sizable customer base. As importantly, Adobe’s decision to partner with Yext for a key part of its business highlights the latter’s unique and growing role in managing businesses’ information across the Web and in gathering valuable analytics across a disparate set of platforms. Yext’s large TAM, deepening moat, lack of meaningful competition, and potential for LT margin expansion keep us positive.”
Khan has an average return of 34.9% when recommending Yext Inc.
According to TipRanks.com, Khan is ranked #149 out of 5256 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yext Inc with a $24 average price target, representing a 6.7% upside. In a report issued on March 7, Oppenheimer also reiterated a Buy rating on the stock with a $26 price target.
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The company has a one-year high of $27.19 and a one-year low of $11.70. Currently, Yext Inc has an average volume of 956.1K.
Based on the recent corporate insider activity of 208 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YEXT in relation to earlier this year.
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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.
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