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Fly News Breaks for December 6, 2019
YEXT
Dec 6, 2019 | 08:47 EDT
DA Davidson analyst Tom White lowered his price target on Yext to $16.50 after its Q3 earnings miss and below-consensus Q4 guidance, with the company citing disruptions related to the launch of its Answers product. The analyst notes that he is not "holding his breath" for a "massive improvement" in FY21 earnings, but keeps his Buy rating on the stock longer term, noting that the company has the "beginnings of what can be a healthy, competitively resilient, and strategically important software business."
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