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OLO - Olo: Turning Positive On Beat-And-Raise Quarter (Rating Upgrade)
DB Crude Oil Long Exchange Traded Notes due June 1 2038
2024-05-09 16:25:25 ET
Summary
Olo's actual Q1 2024 revenue and earnings turned out to be +3.5% and +8.7% better than what the analysts had anticipated earlier.
OLO sees its top line and operating income expanding by +20.7% and +30.1% for full-year 2024 as per its revised management guidance.
I raise my rating for Olo to a Buy, as I have turned positive on OLO's prospects following its beat-and-raise quarter.
Elevator Pitch
Olo Inc. ( OLO ) shares are rated as a Buy. I previously touched on OLO's client insourcing risk factor and its Q3 2023 results in my November 7, 2023 initiation piece . ...