YEXT - Yext: It's A Profit Story Now (Rating Upgrade)
2024-04-24 21:31:05 ET
Summary
- Yext, the location data management platform, has struggled in the volatile market, with shares falling nearly 10% this year.
- The company is undergoing restructuring and leadership changes, but revenue continues to decline year-over-year.
- Yext is hopeful that growth will re-accelerate in the second half of the year with increased sales capacity and new product releases.
- The stock trades at a favorable <8x forward adjusted EBITDA, but that is counterbalanced by a myriad of fundamental risks.
It's been a volatile market all year, but small-cap stocks have been rocked more harshly than others. Investors have lost patience for turnaround names, including and especially Yext ( Yext ), the location data management platform that has been struggling for years despite AI-related technologies....
Yext: It's A Profit Story Now (Rating Upgrade)