B. Riley Upgrades Yext (YEXT) Stock, Raises PT

On June 4, B. Riley analyst Naved Khan upgraded Yext, Inc. (NYSE:YEXT)’s stock from “Neutral” to “Buy,” while increasing the price objective to $10.00 from the prior target of $7.00, as reported by The Fly.

A professional in a suit looking at data on a laptop, representing the store information of the company.

The firm highlighted Yext, Inc. (NYSE:YEXT)’s Q-o-Q improvement in key performance indicators, together with modestly better Q1 results and outlook, as factors resulting in the upgrade. In Q1 2026, the company saw revenue of $109.5 million, reflecting a rise of 14% YoY, thanks to the integration of Hearsay Systems.

It posted adjusted EBITDA of $24.7 million in Q1 2026, leading to an adjusted EBITDA margin of 23%. Yext, Inc. (NYSE:YEXT) raised the full-year adjusted EBITDA guidance to between $103 million – $105 million. The company possesses a track record of healthy execution, evidenced by the meaningful EBITDA margin expansion over the previous 2 years and accretive acquisitions, added Khan.

Furthermore, the firm highlighted the early positive signs of Yext, Inc. (NYSE:YEXT)’s new product, Scout, which is presently in closed beta. This development can enhance retention and ARR growth once fully launched. Overall, the firm finds the stock’s risk/reward attractive. Furthermore, the company’s potential for additional strategic acquisitions was also mentioned. This can enhance its financials.

Yext, Inc. (NYSE:YEXT) is engaged in offering a platform that provides answers to consumer questions.

While we acknowledge the potential of YEXT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than YEXT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.