Yext: Rebound Finally In Sight

Mar. 17, 2024 6:18 AM ETYext, Inc. (YEXT) StockYEXT17 Comments

Summary

  • Yext is expected to return to solid ARR growth approaching 10% after a period of decline.
  • The AI search company faces an initial ARR dip to start FY25, apparently scaring off investors.
  • The stock remains a call option on management's ability to return the business to growth with Yext trading at only 1x EV/S targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »

ONWARD17 - Day 2

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After a few tough years, Yext (NYSE:YEXT) finally appears back in growth mode. The AI search business has already become highly profitable, as the company spent some time stripping out costs and improving sales efficiency. My

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of YEXT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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