Taboola price target lowered to $4.50 from $5 at Benchmark

Benchmark lowered the firm’s price target on Taboola (TBLA) to $4.50 from $5 and keeps a Buy rating on the shares. The Q1 and FY25 outlook was “clearly a disappointment,” on top of recognition that the company’s core native ads business will see a notable growth deceleration this year, the analyst tells investors. However, management starts 2025 with a new product slate and last year’s learnings from premium publishers Yahoo! and Apple to carry into significantly reset expectations for this year, the analyst added.