Olo price target raised to $10 from $9 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Olo (OLO) to $10 from $9 and keeps a Buy rating on the shares. The firm, which raised estimates for both 2025 and 2026, is “encouraged by the company’s ability to land large customers” after Olo announced it will be launching a pilot program with Chipotle (CMG) that includes multiple modules to support its catering business. The firm thinks the next catalyst is the layering on of Card Present revenue, which should begin in the middle of the year, the analyst added.