Equities Analysts Forecast Yext's FY2030 Earnings

Yext, Inc. (NYSE:YEXT) has garnered attention from stock analysts recently, particularly from B. Riley. In a research report published on February 11th, analyst N. Khan provided estimates for the company's earnings per share (EPS) for the fiscal year 2030. Khan predicts that Yext will achieve an EPS of $0.45. This forecast stands in contrast to the current consensus estimate, which suggests that Yext's full-year earnings might be around -$0.12 per share.

Other analysts have also weighed in on Yext's potential. Needham & Company LLC has maintained a "buy" rating on the stock, setting a target price of $10.00. Similarly, DA Davidson increased their price target from $5.75 to $7.50, while marking Yext with a "neutral" rating. On the same day, Roth MKM reiterated a "buy" rating but raised their target price from $7.50 to $10.50.

Yext Stock Performance

As of Thursday, Yext shares opened at $6.75. Over the past year, the stock has experienced fluctuations, with a low of $4.29 and a high of $8.75. The company's market performance shows a 50-day simple moving average at $6.63, while the 200-day simple moving average stands at $6.59. Currently, Yext's market capitalization is approximately $861.44 million, and it has a price-to-earnings (PE) ratio of -45.56, along with a beta of 1.26.

Institutional Investor Activity

Institutional investors have recently made significant movements concerning Yext shares. For instance, Zacks Investment Management increased its holdings by a remarkable 370.2% during the third quarter, bringing their total to 378,415 shares valued at around $2.62 million. Other firms, like Geode Capital Management, Barclays PLC, and JPMorgan Chase & Co., have also expanded their positions in Yext, increasing ownership to amounts in the millions of dollars. Collectively, institutional investors hold about 70.98% of Yext's shares.

About Yext, Inc.

Yext, Inc. is actively engaged in organizing business information to provide answers to consumer inquiries both in North America and globally. The company operates its Yext platform, a cloud-based service that facilitates clients in controlling business information and landing page content, as well as managing reviews from consumers. This platform allows customers to update their details across multiple online channels, including maps, apps, search engines, and social networks.

Conclusion

The outlook for Yext's fiscal future appears cautiously optimistic, with several analysts reinforcing that sentiment through their ratings and price targets. Investors should consider these insights while evaluating their investment strategies regarding Yext.

Yext, Earnings, Analysts