KeyBanc Reiterates a Hold Rating on Yext Inc

By Jason Carr

KeyBanc analyst Brent Bracelin reiterated a Hold rating on Yext Inc (NYSE: YEXT) yesterday. The company’s shares closed yesterday at $19.34, close to its 52-week high of $20.03.

Bracelin said:

“We are downgrading our rating to Overweight based on a risk/reward profile that now appears balanced in the short run, with a fair value estimate of $20 after shares have risen 62% YTD vs. 12% for the Nasdaq Composite. The potential for further upside to conservative 2H18 growth estimates has also prompted upward revisions to our bull case to $25 from $24 on 7x CY19 EV/S and our bear case to $14 from $12 on 5x CY19 EV/S. risk/reward balanced after 62% YTD run. 2017, YEXT has built a digital knowledge management platform that makes it possible for enterprises to centrally control online data. We are downgrading our rating to Overweight based on a risk/reward profile that now appears balanced in the short run after shares have risen 62% YTD vs. 12% for the Nasdaq Composite.”

According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 21.8% and a 77.2% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.

The the analyst consensus on Yext Inc is currently a Hold rating.

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The company has a one-year high of $20.03 and a one-year low of $10.58. Currently, Yext Inc has an average volume of 1.19M.

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Yext, Inc. is an emerging growth company engages in software development. It offers a cloud-based digital knowledge platform which allows businesses manage their digital knowledge in the cloud such as financial information, resources and performance of these resources on a consolidated basis and sync it to other application such as Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp. It offers the Yext Knowledge Engine package on subscription basis which has an access to Listings, Pages, Reviews and other features. The Listing feature provides customers with control over their digital presence, including their location and other related attributes published on the used third-party applications. The Pages feature allows customers to establish landing pages on their own websites and to manage digital content on those sites, including calls to action. The Reviews presence enables customers to encourage and facilitate reviews from end consumers. The company was founded by Howard Lerman, Brent Metz, and Brian Distelburger in 2006 and is headquartered in New York, NY.