YEXT Inc. (YEXT) Results Beginning to Recover as Pandemic Moves to Rear View Window - Truist Securities

Truist Securities analyst Jake Bartlett reiterated a Buy rating and $18.00 price target on YEXT Inc. (NYSE: YEXT) after the company reported Revenue of $92.0M (+7.8% y/y), above consensus expectations of $88.6M, while Non-GAAP EPS came in at ($0.02), ahead of consensus of ($0.06). Billings grew 42.0% y/y vs. consensus of 9.6%.

The analyst stated "Yext's 1Q results were ahead of muted Street expectations and outlook for 2Q, raised FY22 view as well as mgt's commentary - all suggest that business trends are starting to improve following a sustained hit to growth and KPIs last year amid the pandemic." "At 3.8x FY22 sales, we find the risk/reward attractive".

For an analyst ratings summary and ratings history on YEXT Inc. click here. For more ratings news on YEXT Inc. click here.

Shares of YEXT Inc. closed at $12.31 yesterday.

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