Wall Street Zen Upgrades Yext (NYSE:YEXT) to "Strong-Buy"

Key Points

• Wall Street Zen has upgraded Yext (NYSE:YEXT) from a "buy" rating to a "strong-buy" rating, indicating increased confidence in the company's growth potential.
• Generative AI advancements are driving Yext to raise its full-year guidance, highlighting the company's focus on technology to enhance its offerings.
• The current consensus rating for Yext among analysts is "Moderate Buy" with a target price of $9.44, suggesting positive investor sentiment toward the stock.

Yext (NYSE:YEXT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

A number of other equities analysts have also recently commented on YEXT. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Yext in a report on Monday, August 18th. DA Davidson upped their target price on Yext from $7.50 to $8.25 and gave the stock a "neutral" rating in a report on Thursday, June 5th. B. Riley raised Yext from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.00 to $10.00 in a report on Wednesday, June 4th. Finally, Zacks Research cut Yext from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.44.

Yext Stock Performance

Shares of NYSE YEXT opened at $8.66 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64. Yext has a 12 month low of $5.51 and a 12 month high of $9.20. The stock has a 50 day moving average of $8.45 and a 200-day moving average of $7.41. The company has a market capitalization of $1.07 billion, a P/E ratio of -72.16 and a beta of 1.01.

Institutional Investors Weigh In On Yext

Hedge funds and other institutional investors have recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of Yext during the first quarter valued at approximately $43,000. Optas LLC bought a new stake in shares of Yext during the first quarter valued at approximately $71,000. Martingale Asset Management L P increased its holdings in shares of Yext by 16.4% during the first quarter. Martingale Asset Management L P now owns 14,209 shares of the company's stock valued at $88,000 after acquiring an additional 2,002 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of Yext during the first quarter valued at approximately $90,000. Finally, 111 Capital bought a new stake in shares of Yext during the second quarter valued at approximately $100,000. Institutional investors own 70.98% of the company's stock.

About Yext

Yext, Inc organizes business facts to provide answers to consumer questions in North America and internationally. It operates Yext platform, a cloud-based platform that allows its customers to offer answers to consumer questions, to control the facts about their businesses and the content of their landing pages, and to manage their consumer reviews; and provides customers to update their information and content through its publisher network of maps, apps, search engines, intelligent GPS systems, digital assistants, vertical directories, and social networks, as well as professional services.

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