Gold prices edged higher; remain near $3,400/oz as Sept rate cut bets rise
On Wednesday, DA Davidson analysts raised the price target for Yext Inc . (NYSE: NYSE:YEXT) stock to $8.25 from $7.50, with analyst targets now ranging from $7.50 to $10.00. According to InvestingPro data, the stock appears undervalued at its current price of $6.82. The analysts maintained a Neutral rating on the stock following the company’s solid fiscal first-quarter 2026 results.
Yext’s recent financial performance showed revenues and adjusted EBITDA slightly ahead of expectations, aligning with the positive commentary from May 21. The company maintains impressive gross profit margins of 76.54% and achieved 8.38% revenue growth over the last twelve months. The fiscal second-quarter 2026 outlook also surpassed consensus estimates, with a projected $1.8 million sequential increase in revenues at the midpoint and stable quarter-over-quarter adjusted EBITDA.
Despite the positive financial indicators, Yext has refrained from providing full-year revenue guidance, citing broader macroeconomic uncertainties. The company did, however, increase its fiscal year 2026 adjusted EBITDA outlook by approximately $3 million at the midpoint. InvestingPro subscribers can access 8 additional key insights about Yext’s financial health and future prospects.
DA Davidson’s decision to raise the price target reflects confidence in Yext’s financial trajectory, although the Neutral rating suggests a cautious approach amid uncertain market conditions. While the company isn’t currently profitable, analysts tracked by InvestingPro expect profitability this year, with projected earnings per share of $0.54. The analysts’ commentary emphasized the company’s performance and outlook while acknowledging external economic factors impacting long-term guidance.
In other recent news, Yext Inc. reported its Q1 Fiscal 2026 earnings, meeting the earnings per share (EPS) forecast of $0.12 and surpassing revenue expectations with $109.5 million against a forecast of $107.6 million. The company saw improvements in gross and net retention rates, benefiting from favorable foreign exchange rates. Additionally, Yext launched its new AI-powered product, Yext Scout, which is currently in open beta and has shown promising early demand. Analysts from B. Riley upgraded Yext’s stock from Neutral to Buy, citing improved key performance indicators and the potential for future growth, raising the price target to $10.00. They highlighted Yext’s management track record, significant EBITDA margin expansion, and successful mergers and acquisitions as positive factors. Yext continues to focus on product innovation and customer value while exploring mergers and acquisitions with the support of a new debt facility from BlackRock (NYSE:BLK). The company also maintains an active share repurchase program, having repurchased over 4% of shares outstanding year-to-date. These developments reflect investor confidence in Yext’s strategic initiatives and financial stability.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.