Why Yext Stock Rocketed 44% Today
Shares of cloud-based information company Yext (NYSE: YEXT) are rocking and rolling Wednesday morning, up a shocking 44.2% through 11:30 a.m. ET after the company beat analyst expectations in its first-quarter earnings report last night.
Heading into the quarter, analysts had forecast that Yext would have earnings per share (EPS) of only $0.05, adjusted for one-time items, on sales of $98.6 million. Instead, it had EPS of $0.09, and sales came in at $99.5 million.
So Yext beat on earnings. The real question for investors today, though, is whether the beat was by a big enough margin to justify the stock's sharp run-up in price. And that is very much up for debate.
Source Fool.com
Yext Inc Stock
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1.000%
With 6 Buy predictions and not the single Sell prediction the community is currently very high on Yext Inc.
With a target price of 7 € there is a hugely positive potential of 50.99% for Yext Inc compared to the current price of 4.64 €.
