Citi analyst Ygal Arounian lowered the firm’s price target on Outbrain (OB) to $5.90 from $7.80 and keeps a Neutral rating on the shares post the Q4 report. The firm says the new look Teads is off to a slower start as Q4 headwinds carried over, but adds management is seeing improvements and remains confident in its execution plan. Citi looks for better trends post the Teads acquisition and execution on the integration before recommending the shares.
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Read More on OB:
- Outbrain’s Strategic Acquisition of Teads Drives Strong Buy Rating with Projected Revenue and EBITDA Growth
- Outbrain Inc. Reports Strong 2024 Financial Results
- Outbrain’s Growth Potential and Strategic Initiatives Drive Buy Rating
- Outbrain reports Q4 adjusted EPS 7c, consensus 11c
- Outbrain sees FY25 adjusted EBITDA of at least $180M
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