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.

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Disclosure: None.