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Crexendo price target raised to $8.50 from $8 at Lake Street

Lake Street raised the firm’s price target on Crexendo (CXDO) to $8.50 from $8 and keeps a Buy rating on the shares, citing quarterly outperformance as well as “good growth” in the remaining performance obligation metric. The firm sees the company having “a long runway of double-digit growth,” the analyst added.

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