Piper Jaffray Thinks Yext Inc’s Stock is Going to Recover

By Carrie Williams

Piper Jaffray analyst Alex Zukin reiterated a Buy rating on Yext Inc (NYSE: YEXT) on October 9 and set a price target of $17. The company’s shares closed yesterday at $12.13, close to its 52-week low of $11.92.

According to TipRanks.com, Zukin is a 5-star analyst with an average return of 11.8% and a 72.9% success rate. Zukin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and Callidus Software.

Yext Inc has an analyst consensus of Moderate Buy, with a price target consensus of $17.50.

The company has a one-year high of $15.11 and a one-year low of $11.92. Currently, Yext Inc has an average volume of 202K.

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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.