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Fly News Breaks for August 14, 2018
YEXT
Aug 14, 2018 | 07:13 EDT
As reported earlier, SunTrust analyst Naved Khan initiated Yext with a Buy rating and a price target of $27. The analyst notes that the company is a leader in the Digital Knowledge Management category with estimated total addressable market of over $10B. Khan adds that its large product network, growing customer base, and product innovation combined offer a "competitive moat", while the company also stands to benefit from increasing web use in the search and management of business information.
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