Yext price target raised to $7.50 from $5.75 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on Yext (YEXT) to $7.50 from $5.75 and keeps a Neutral rating on the shares. The company’s Q3 results topped revenue estimates primarily due to FX tailwinds, while its “solid” operating expense discipline translated into EBITDA of $23.1% exceeding the firm’s $21.9M estimate, the analyst tells investors in a research note. Yext management also had some relatively encouraging commentary about stability in the selling environment as well as regarding the early signs that enterprise cost optimization headwinds are starting to taper, the firm added.