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Outbrain price target lowered to $3.90 from $4 at Citi

Citi lowered the firm’s price target on Outbrain (OB) to $3.90 from $4 and keeps a Neutral rating on the shares following the Q1 report. The company’s Q2 adjusted EBITDA outlook was below Street estimates while management’s reaffirmed fiscal 2025 outlook with the integration on track represented a positive quarter, the analyst tells investors in a research note. Citi came away more positive on Outbrain’s progress of the integration.

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