Why Yext Stock Is Skyrocketing This Week
Yext (NYSE: YEXT) stock is soaring this week thanks to strong first-quarter earnings results and guidance. Before the market opened Friday, the marketing software stock was up 47.6% from the previous week's market close, according to data from S&P Global Market Intelligence.
Yext published its Q1 results after the market closed on June 6 and reported sales and earnings for the period that topped the market's expectations. The company recorded non-GAAP (adjusted) earnings per share of $0.08 on revenue of $99.45 million, while the average analyst estimate had targeted per-share earnings of $0.05 on sales of $98.55 million.
Yext's revenue grew 1% year over year in the first quarter, and its annual recurring revenue rose roughly 3% year over year to reach $398 million. Meanwhile, the company's total customer count increased 5% to reach 2,970.
Source Fool.com
Yext Inc Stock
Yext Inc is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
As a result the target price of 7 € shows a positive potential of 44.45% compared to the current price of 4.85 € for Yext Inc.
