Optimistic Buy Rating for Yext Amid Strong Performance and Promising New Products

Yext (YEXT – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan MacDonald from Needham reiterated a Buy rating on the stock and has a $10.00 price target.

Ryan MacDonald has given his Buy rating due to a combination of factors including Yext’s strong quarterly performance and the subsequent increase in the full-year adjusted EBITDA outlook by the management. Despite a cautious stance on the broader economic environment and the absence of a full-year revenue forecast, the expectation of ARR growth suggests that a modest revenue increase is feasible in the upcoming fiscal year.
MacDonald is optimistic about Yext’s new product offerings, such as Scout, which are anticipated to contribute positively to the company’s future performance. This optimism is based on the potential for revenue to exceed expectations as economic conditions improve and new products gain market traction. Additionally, the current stock valuation, trading at a relatively low multiple of the FY26 sales estimate, presents an attractive investment opportunity, reinforcing the Buy rating.

In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $9.50 price target.