Needham raised the firm’s price target on Outbrain to $6.50 from $5.50 and keeps a Buy rating on the shares. The company’s 4,000 contract-level clients give it exclusive control of their websites for 2-3 years, the analyst tells investors in a research note. Needham also cites Outbrain having direct relationships with 20,000 advertisers globally as part of its investment thesis for the stock.
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