RBC Capital analyst Matthew Hedberg maintained a Buy rating on Olo on Friday, setting a price target of $38, which is approximately 6.41% above the present share price of $35.71.
Hedberg expects Olo to post earnings per share (EPS) of -$0.63 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Olo, with an average price target of $40.
The analysts price targets range from a high of $42 to a low of $38.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $36.12 million and a net profit of -$7.47 million. The company's market cap is $5.27 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 35.6% and a 78.16% success rate.
Olo Inc powers digital ordering and delivery programs that connect restaurant brands to the on-demand world, placing orders directly into the restaurant through all order origination points - from a brand's own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants. It serves as the on-demand ordering and delivery platform for over 400 brands, such as Applebee's, Checkers & Rally's, Cheesecake Factory (NASDAQ:CAKE), Chili's, Dairy Queen, Denny's (NASDAQ:DENN) and others.