Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / yext q1 earnings bold move to use cash for acquisiti

YEXT - Yext Q1 Earnings: Bold Move To Use Cash For Acquisition Ambition (Rating Downgrade)

Yext Inc.

2024-06-11 08:22:16 ET

Summary

  • My analysis suggests that Yext's recent acquisition plans, fueled by its strong balance sheet, may offer short-term growth opportunities. But little more.
  • Uncertainties surrounding Yext's revenue projections for fiscal 2025 raise doubts about its long-term prospects.
  • I believe caution is warranted, leading me to rate the stock as a sell.

Investment Thesis

Yext's ( YEXT ) bull case was summed up as a very strong balance sheet. And yesterday, management announced that it's seeking to deploy the bulk of its balance sheet's cash to make a large needle-moving acquisition . So far, the stock is down more than 10% on this news....

For further details see:

Yext Q1 Earnings: Bold Move To Use Cash For Acquisition Ambition (Rating Downgrade)
Stock Information
Company Name: Yext Inc.
Stock Symbol: YEXT
Market: NYSE
Website: yext.com
Menu
YEXT YEXT Quote YEXT Short YEXT News YEXT Articles YEXT Message Board
Get YEXT Alerts

News, Short Squeeze, Breakout and More Instantly...