Yext price target raised to $10.50 from $7.50 at Roth MKM

Roth MKM analyst Rohit Kulkarni raised the firm’s price target on Yext (YEXT) to $10.50 from $7.50 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 revenue and adjusted EBITDA beat, with direct customer ARR – annual recurring revenue – remaining “stable” on an organic basis and accelerated on a reported basis that includes a recent acquisition, the analyst tells investors in a research note.