TBLA - Taboola.com stock dips after analysts cuts recommendation on weak outlook

Taboola.com (NASDAQ:TBLA) stock down after certain analysts lowered the expectation on the stock followed by mixed Q1 earnings and revenue outlook below consensus. Cowen lowered the price target on the stock to $9 from $13, implying potential upside of 168.66% from the last closing price. Credit Suisse analyst Stephen Ju cut the target on Taboola.com (TBLA) to $8 from $10 and maintains outperform rating. PT implies a 139% increase from last price. The company was also downgraded by analysts at Susquehanna to neutral from positive and sets the PT to $3.50, implying an upside of 4.5%. Needham analyst cuts price target to $5 from $10 and maintains a buy rating on the stock. On YTD basis, stock fell around 60%.

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Taboola.com stock dips after analysts cuts recommendation on weak outlook