Taboola (TBLA) PT Lowered to $4 at Needham

Needham analyst Laura Martin lowered the price target on Taboola (NASDAQ: TBLA) to $4.00 (from $5.50) while maintaining a Buy rating.

The analyst comments "Shares of TBLA were down yesterday on its 3Q26 earnings because TBLA lowered its 4Q26 and FY26 gross rev guidance by ~ $50mm (at the midpoint), ex-TAC Gross Profit (ie, Net Revenue) by ~$19mm, and Adj EBITDA by ~$18mm. TBLA stated that it lowered guidance to reflect changing consumer behavior, based on flat y/y page views generating fewer ad impressions because readers are no longer scrolling to the bottom of the page (which is where TBLA's ad units show up), which is pressuring monetization. TBLA's rapid rev deceleration concerns us."

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