Needham Stick to Their Buy Rating for Yext Inc By Investing.com

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Needham Stick to Their Buy Rating for Yext Inc

Dec 03, 2021 06:35AM ET

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Needham analyst Ryan MacDonald reiterated a Buy rating on Yext (NYSE:YEXT) Inc on Friday, setting a price target of $18, which is approximately 90.88% above the present share price of $9.43.

MacDonald expects Yext Inc to post earnings per share (EPS) of -$0.22 for the fourth quarter of 2021.

The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Yext, with an average price target of $18.
The analysts price targets range from a high of $18 to a low of $18.

In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $98.12 million and a net profit of -$26.41 million. The company's market cap is $1.21 billion.

According to TipRanks.com, Needham analyst Ryan MacDonald is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.2% and a 58.76% success rate.

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 (NASDAQ:AAPL) Maps, Bing, Cortana, Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL), Google Maps, Instagram, Siri and Yelp (NYSE: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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