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Fly News Breaks for December 6, 2019
YEXT
Dec 6, 2019 | 08:14 EDT
RBC Capital analyst Mark Mahaney lowered his price target on Yext to $20 after its "soft" Q3 results, saying fundamentals weakened during the quarter as growth in billings and unearned sales decelerated while margins contracted. The analyst still keeps his Outperform rating and believes that the company can sustain a 30% growth over the next several years, with Yext Answers seen as a potentially new product that nearly doubles Yext's total addressable market.
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