Investment Thesis
With its recent product launch of Yext Answers, I believe Yext, a small to mid-cap SaaS growth company, could become a secular growth stock and has the innings to be a multi-bagger.
The company has been consistently growing revenues at an over 30% CAGR. Last quarter, though, the stock fell as revenue and guidance came in below expectations. This, however, was driven by its Yext Answers product launch, which has prolonged sales cycles as customers look into the new product, and it has also posed a learning curve for the sales team, which