B. Riley analyst Zach Cummins lowered the firm’s price target on QuinStreet (QNST) to $28 from $34 and keeps a Buy rating on the shares. QuinStreet’s Q3 results were largely in line with consensus expectations, with record home services revenue offset by weaker performance from the credit-driven businesses, the analyst tells investors in a research note. Despite potential volatility in the near-term, the firm says QuinStreet is well-positioned to sustainably grow revenues and expand adjusted EBITDA margins in the years ahead.
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