B. Riley lowered the firm’s price target on QuinStreet (QNST) to $28 from $34 and keeps a Buy rating on the shares following the Q3 results. Despite elevated near-term uncertainty, management expressed confidence in sustained double-digit revenue and adjusted EBITDA growth in the years ahead, the analyst tells investors in a research note.
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Read More on QNST:
- QuinStreet price target lowered to $19 from $27 at Lake Street
- QuinStreet’s Strong Growth Potential and Digital Advertising Trends Justify Buy Rating
- QuinStreet’s Strong Q3 Performance and Optimistic Outlook
- QuinStreet reports Q3 EPS 21c, consensus 20c
- QuinStreet affirms FY25 revenue view of $1.065B-$1.105B, consensus $1.09B