Yext Inc (YEXT) Gets a Buy Rating from SunTrust Robinson

By Carrie Williams

In a report released today, Naved Khan from SunTrust Robinson reiterated a Buy rating on Yext Inc (YEXTResearch Report), with a price target of $30. The company’s shares closed yesterday at $20.51.

Khan wrote:

“We expect Yext’s to report strong 1Q results, in line with Street expectations when the company reports on 5/30 (post-close). We expect these results to be driven by continued enterprise sales momentum and early but growing focus on sales to mid-size customers. A spate of recent announcements around office space and workforce expansion and senior mgt. hires suggest solid momentum in the business and we expect this to be supported by key metrics and mgt’s commentary.”

According to TipRanks.com, Khan is a 5-star analyst with an average return of 20.5% and a 67.8% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.

Currently, the analyst consensus on Yext Inc is a Moderate Buy with an average price target of $24.

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Based on Yext Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $15.46 million. In comparison, last year the company had a GAAP net loss of $18.14 million.

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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.