Yext To Gain From Cross-sell Opportunities - Analyst Projects Solid Margin Expansion
YEXTYext(YEXT) Benzinga·2024-09-06 02:37

Needham analyst Ryan MacDonald upgraded Yext, Inc. YEXT to Buy from Hold, with a price forecast of $8. Yext shares are trading higher after the company reported better-than-expected second-quarter adjusted EPS results and issued FY25 revenue guidance above estimates. The analyst notes that the results clarified the business's fundamental trajectory following the recent Hearsay acquisition. MacDonald sees significant potential for margin expansion over the next 12-18 months, despite initial dilution from the ...