Citigroup Issues Pessimistic Forecast for Teads (NASDAQ:TEAD) Stock Price

Key Points

• Citigroup has reduced its target price for Teads (NASDAQ:TEAD) from $3.90 to $3.40, indicating a potential upside of 21% from the current price.
• Wall Street Zen has downgraded Teads from a "hold" rating to a "sell" rating as of June 14th.
• Teads shares declined 6% on Tuesday, trading at $2.81 with a market capitalization of $264.98 million.

Teads (NASDAQ:TEAD - Get Free Report) had its price objective decreased by equities researchers at Citigroup from $3.90 to $3.40 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective would suggest a potential upside of 38.21% from the stock's previous close.

Separately, Wall Street Zen cut Teads from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.

Teads Stock Down 2.8%

NASDAQ TEAD traded down $0.07 on Tuesday, hitting $2.46. 301,548 shares of the company's stock were exchanged, compared to its average volume of 334,755. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 1.13. Teads has a 52 week low of $2.32 and a 52 week high of $7.87. The stock has a market capitalization of $231.98 million, a PE ratio of -3.37 and a beta of 1.33.

Teads Company Profile

Outbrain Inc, together with its subsidiaries, operates an online content recommendation platform worldwide. It offers Outbrain Engage, a product suite for media partners that provides personalized feeds and data-driven recommendations, as well as a solution to maximize user engagement. The company's Outbrain Engage solution also includes a web-based dashboard to manage and control various aspects of the platform, including content, formats, sources, frequency, and categories of ads delivered on their properties, as well as monetizes the content through customized data-driven advertising.